claydoctor

USDJPY resistance versus break out levels

FX:USDJPY   U.S. Dollar/Japanese Yen
105 0 2
Pick a line in the sand, a line of resistance, upon extremely close observation, depending on what candle you choose, the triangle top is a tiny bit different. This is the daily, zoomed in to today chart. Noticing pre market levels are up, but getting volatile. If we finish the day below level 2 and level 1, then its back down again to the support line and then...? But if we finish above, and above the horizontal resistance line, and then of course above resistance 3, its off to the races, but perhaps a shorter increase than last triangle. On the other hand, the RSI and MACD and MA's really indicate momentum up fading, trending down, and hitting the resistance lines of both RSI and MACD and heading back down, at least short term. Got to just watch here, finger on the mouse button either way. Don't change that channel.
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