A key area to watch for the USDJPY. I will be watching the area around 110.95 for a potential trade.
A breakout above that area may confirm a bottom for the medium term as the price would complete a triple bottom formation and would target 114.35 main resistance of the overall sideways range.
On the other hand, if we see rejection and bearish behavior on the lower time frames would look for another dip lower and a short trade.
We trade what we see, lets wait and see
In trading, nothing is guaranteed, that's why we use stops. Best Technician
Do you still think 114.35 Right?? I Think long so
Thank you
Technician
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Thanks for your comments
Peter_238
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Thanks sir
Ansari
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Thanks Technician
TradZ
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AND the WKly is over-sold due f0r a cr0ss-0ver :)
I'm staying IN
Montanaro
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I agree, I bought on a divergence raised to 108.60 and closed today the operation at 110.396 with stop.
Now I expect your update for the next trade.
Thanks Technician
TradZ
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I'm going f0r that 114 handle :D
It better push up 0r I will never understand sticking with a DAILY chart ha
Great analysis