Price at TL eyeing 111.50 level

FX:USDJPY   U.S. Dollar/Japanese Yen
96 0 2
Price has accelerated to the TL and breached SMA200 on Monthly tf.
The 50% fib stands at 111.55 which is precisely at the Yearly Pivot R1.
It is probable that this level will be tested. The oscillator put in a
significant bearish divergence in the beginning of the year but
right now it doesn't seem to play out. Instead PA resembles the
early phase of a new large leg up with its fast move. Sometimes
though this also happens at the very top of a wave. A close above
the TL and further up the 50% fib/Yearly PR1 signals further
gains throughout the rest of the year.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out