CapMoore
Long

Bullish Scenario with S/R and Targets

FX:USDJPY   U.S. Dollar/Japanese Yen
172 2 3
Each fib level on the CD leg is in confluence
with Mothly Pivot Resistance levels which
increase the overall resistance. A move below
Monthly PP at 101,78 and the Horizontal support/
resistance at 101,48 will shift ST             bias to the downside.
A daily close above 104 will likely advance upward
move.Note that Yearly R1 is in pip to pip confluence
with 127extension of CD leg at 111,50.
Hi ! Do you think we'll break the 101.478-support ?
Best Regards, Serge
Reply
CapMoore Mirandole
Very difficult to guess on. Will stock market plummet? The tight range consolidation reflects indecision on the stock market.
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