USD/JPY sharply declined yesterday coz of poor non-farm payroll released yesterday. However, the unemployment rate and wage rate are good easing the trepidation. It's supported by the up-trend line from 106.85 and tries to stably stand above 110.80. If it fails, the further decline should be seen to 110.60 and 110.30 next. Below 110.30, the rebound from 106.85 should be confirmed to complete. On the upside, it'll test the 111.50 by the up-trend line and further rise should be seen to 111.80.
The target is 111.80
Turning point: 110.80.
Above 110.80, bullish , target price is 111.50,then 111.80.
Under 110.80, bearish , target price is set at 110.60, then 110.30.
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Prior Strategy:
The target is 111.80
Turning point: 110.80.
Above 110.80, bullish , target price is 111.50,then 111.80.
Under 110.80, bearish , target price is set at 110.60, then 110.30.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
Comment:
TP1 Reached.
Comment:
Target Reached.