USDJPY coming into area of high resistance

108 0 11
3 months ago
After that incredible rally last week which we discussed in this idea:
Bullish USD/JPY PA
, USDJPY             has finally reached an area of high resistance and could see a pullback. First minor support comes in at the the previous Fib at 108.45 area and then major support from 107.60-106.95. (Green Rectangle )
3 months ago
Comment: Pair hit the 50% Fib
3 months ago
Comment: Lower timeframe trendline broke on Earthquake news. Dont usually post these here but its a nice example of what to look for

Also if anyone is wondering why the Yen strengthened on the news this is an article about the 2011 earthquake
3 months ago
Comment: Testing the 50% Fib again
3 months ago
Comment: Testing the Fib for a third time. It will be very surprising if it doesn't break. As long as we don't get a close above the Red box the idea is still valid
3 months ago
Comment: Broke above on very good durable goods data. Now triggering stops
3 months ago
Comment: Area held for two days. Waiting for some structure before next idea
Disclaimer: Ideas and reports for educational purposes only. Not investment advice.

Follow us on twitter for real time updates: @TradingTechs_
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out