Well the blue top channel trend line held once again on this pair. It is a weekly channel top trend and until it’s broken and held the path of least resistance is higher. Add into the mix traders, and thus the market is looking forward and wanting something positive out of the Trump China trade war front. With meetings at the end of this week 10-11-13-19 I can see JPY drifting higher and then when the meetings get under way for real the pair should trade more nervously.
With today’s impulsive push higher and a break of a small hourly triangle, the up side target on the triangle break should be around 107.60-80ish. Near term horizontal support is close to the break out point 107.00-107.20
I’ve git orders out and looking to play this into Asia’s market opening.
If you trade, the risk is all yours. Thus isn’t meant to be trade advice.
In trading you either make dust or you will eat dust.
All the best my trading friends.
With today’s impulsive push higher and a break of a small hourly triangle, the up side target on the triangle break should be around 107.60-80ish. Near term horizontal support is close to the break out point 107.00-107.20
I’ve git orders out and looking to play this into Asia’s market opening.
If you trade, the risk is all yours. Thus isn’t meant to be trade advice.
In trading you either make dust or you will eat dust.
All the best my trading friends.
Comment:
Here is a longer term chart.
