20 May USD/JPY Daily
21:03 EST - Has this pair finally broken out to the upside?
With the break of 120.250, clearing the red trendline is pushing this pair up to the 120.870 resistance level. Clearing here, while probably difficult should allow this pair to make a run at 121.850 - 122.000 levels set in Mar & Dec.
We will be buyers on any pullback while remaining above the red trendline. bidding at 120.450. Our stop will be a break of the green trendline or 118.500.
This analysis is brought to you in-conjunction with our Unique Forex Forecasting Algorithm. Unlike traditional lagging indicators our Unique Forex Forecasting Algorithm gives a price prediction with percentage chance of the trade moving as forecast. For more information please visit www.forextrading.unique4x.com
21:03 EST - Has this pair finally broken out to the upside?
With the break of 120.250, clearing the red trendline is pushing this pair up to the 120.870 resistance level. Clearing here, while probably difficult should allow this pair to make a run at 121.850 - 122.000 levels set in Mar & Dec.
We will be buyers on any pullback while remaining above the red trendline. bidding at 120.450. Our stop will be a break of the green trendline or 118.500.
This analysis is brought to you in-conjunction with our Unique Forex Forecasting Algorithm. Unlike traditional lagging indicators our Unique Forex Forecasting Algorithm gives a price prediction with percentage chance of the trade moving as forecast. For more information please visit www.forextrading.unique4x.com
