Description
⋅ USDJPY > Key Levels > 10/15-20/17
Timeframe: 1W
Pair still signals bullish trend strength in mid-term, with loss in momentum within longer-term range.
Averaging price within 111.000 to 113.000 range while expecting strong support @ 111.58 level.
Firm break and hold above 113.45 resistance possible rise to 114.00/50 levels.
Firm break and hold below 111.58 support possible further decline toward 110.95 levels.
R3 112.85 R2 112.59 R1 112.22
S1 111.58 S2 111.32 S3 110.95
Pivot Point @ 111.95
High volatility expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment
⋅ BUT Entry order placed
Entry @ 113.583
T/P @ 114.246
Comment
⋅ BUY of course
Comment
⋅ T/P changed to 114.424
Day Trade only
Target 84.1 pips
Comment
⋅ Entry changed to 113.726
Comment
⋅ Bullish trend remains as long as price stays above 112.00 level, extending to 114.50 area
Comment
⋅ BUY Pending order cancelled. All live/pending orders closed for over weekend
Total P/L for week day trades = +331.6 PIPS