Kishore
Long

USDJPY RESISTANCE BROKEN NEW TREND!!!!!

FX:USDJPY   U.S. Dollar/Japanese Yen
1802 12 42
MARKET ANALYSIS: The pair has been trading inside a resistance zone for quite some time. Now as we have mentioned before the pair broke the resistance zone and is now heading towards a new higher high, If the support holds we can see a new high to the next possible major resistance level . So lets wait and see what the market does in the coming days, cheers!
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Very good analysis Kishore.It also proves a point that never trade against a strong trend.
+2 Reply
Kishore PRO indianlover100
@indianlover100, thats really true! Thanks
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lina14 Kishore
hi Kishore,
could u kindly give me your opinion on CAD/JPY? where do you think it would reverse?
thanks!
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lina14 Kishore
@Kishore,
i always read your analysis, it's superb
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Thank you for sharing your analysis !
+1 Reply
Kishore PRO javiertu
@javiertu, your welcome!
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Sometimes resistance that become support, become resistance again.
Reply
Kishore PRO MetalCruisers
@TPparadigma, Sorry for the late reply im out of country. Yes a resistance which is broken becomes support now. Cheers!
Reply
Thank you bro. Still I am on with 3 entries.
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@aneeloo, Your welcome bro!
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thank you
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Kishore PRO aqualoop
@aqualoop, Your welcome
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