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diavolul

Trading using two pivots: Forex - USD/JPY, medium term analysis

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
diavolul  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Rectangle USDJPY pivot price
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supportandresistance rectangle usdjpy pivot price
USD/JPY is still situated over the 111.2 pivot level, the should have been placed on the confirmation made by price closing over the confirmation rectangle, but it hasn't reached the 114.94 (141.4 Fibonacci level of the upside move 101.183-110.916). The stop-loss should be placed on the nearest pivot level: 111.2
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