Weekly Forecast for USD/JPY | Short Term Trading | 02.12. 2019
US Dollar Japanese Jen
On the chart, you can see a break of the Resistance Zone between 108.981 and 109.341.
I think the market will go up a little bit more until it reaches the strong resistance Zone between 109.897 and 110.115. In this Zone, we will place our Sell Limit Order with a Stop Loss and our take profit targets which you can see on the chart.
Here the US Dollar Japanese Jen will start falling down.
The Long term of the US Dollar Japanese Yen can be a move much more up because on the chart you can see
a Head and Shoulder formation which we have discussed in the past.
But we are Short Term TRADER AND Scalper so we wait for the Short entry at the levels shown you before.
Video Link: www.youtube.com/watch?v=ihylA7Ho...
On the chart, you can see a break of the Resistance Zone between 108.981 and 109.341.
I think the market will go up a little bit more until it reaches the strong resistance Zone between 109.897 and 110.115. In this Zone, we will place our Sell Limit Order with a Stop Loss and our take profit targets which you can see on the chart.
Here the US Dollar Japanese Jen will start falling down.
The Long term of the US Dollar Japanese Yen can be a move much more up because on the chart you can see
a Head and Shoulder formation which we have discussed in the past.
But we are Short Term TRADER AND Scalper so we wait for the Short entry at the levels shown you before.
Video Link: www.youtube.com/watch?v=ihylA7Ho...