Predictindex
Long

Don't Attempt To Short JPY Pairs....

FX:USDJPY   U.S. Dollar / Japanese Yen
160 2 3
Trend has been changed.
It's ok to short for a pull back. But with limited profit and rooms, ask yourself why do you want to against the trend...


Technically speaking, RSI ( Daily Chart ) has now back to 50 . And the Long Pin bars are the very good indication.
Economically , watch what President Abe             said and how it did impact the Yen.

SL 15-20 pips below/above the orange box.

104.8-104.66 would be a good place to buy (if the price does not drop below it). If it does, buy in the orange box (near 103.9).


Comment: Break Out :)
Nice Nice Nice
Comment: Chart still valid .
This chart saved my butt yesterday. Thanks and look forward to more of your ideas.
Reply
Glad to hear that.
Thank you.
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