FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
160 5 4
UJ touching upper line of the channel with USD overbought and JPY oversold this is a potential trade for med and long term. Remember that USA wont hike rates soon, possible 2016 that will give a breath to dxy             and usdollar             uptrend. Also BOJ said that JPY is too cheap and weak, for this reazon a raise of interest rates soon will no be a surprise, Let uj make a double top around 1,24 and 1,25 and thos prices would be the best ones. tp are over 0,236 (1,20-1,18) and 0,326 (1,15-1,10) sl 128.
Could this unleash to the bottom?
Nice work :) . I will be analyzing USD/JPY over weekend too. Will share my analysis with you. Happy trading and have a nice weekend :)
+1 Reply
XaviC Navdeep_Singh
Have a nice weekend too, and sure let me know could identify the best entry (Y)
Well done!
+1 Reply
XaviC Yahia.Awes
TY hope uj make a doble top...
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