CapMoore

Stands Near a Kumo Cloud Breakout

FX:USDJPY   U.S. Dollar/Japanese Yen
87 1 1
move up from the Monthly Pivot Point and stands now at the
top of the cloud which is a flat, defined resistance at 119,65.
An upward bounce from the trendline and a break of the kumo
may expose Monthly R1/Weekly R1 pivot confluence at 120,85.
Support stands at 118,70/118,20/117,70-90 with
emphasize on the latter (sma200-Kijun Sen-Monthly PP)
Price moved exactly as mentioned. Now what ?
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