After opening on monday morning the projection of the future Kijun for the next 10 hours will be flat at 122.40, then slightly increasing. This level also corresponds with the 50% fib drawn from fridays low to high.
Flat Kijun (acting as a rubber band effect) and 50% fib. @ 122.40 will act as strong support and price will again go up from here since the ujsdjpy is in a bullish area regarding the ichimoku system.
I´ll sit and wait for price to hit 122.40, them go long with TP at previous high at the 123.26 - area
Flat Kijun (acting as a rubber band effect) and 50% fib. @ 122.40 will act as strong support and price will again go up from here since the ujsdjpy is in a bullish area regarding the ichimoku system.
I´ll sit and wait for price to hit 122.40, them go long with TP at previous high at the 123.26 - area