DYSWIS

USDJPY "she cannae take any more cap'n, or she'll blow"

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
"she cannae take any more cap'n, or she'll blow"

The immortal words of Scotty from Star Trek . . . well I think she can take a wee bit more Scotty !!

PRICE powered through what I thought would be strong resistance at the yellow boxes but they did end up acting as SUPPORT for a brief pull back and a refuel on hitting the 10EMA . . . that's all it needed to get the train moving again.

So where to next Captain ? . . . Warp factor all the way to the former Low circles/61.8%/and the weekly 100SMA (dashed black line). Seems almost impolite for PRICE not to give it a go and as everyone can see these markers on their charts, I shall remain in the BULL camp for the foreseeable and will curb all urges at calling a TOP any time soon.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.