In spite of a bearish divergence which gave a reversal signal, the market did not move lower. It is going to break the resistance level and give us a long opportunity. DMI confirms trend market conditions and allows trading. We can place buy-stop orders above 112.15 with stop below 111.40 level. Profit target for long trades must be near 113.00 and 114.00 levels.
Agree D,
I look at the Yen/US$ so I agree. the Yen is looking weak. The hourly and 4 hour charts show continuing strength to the US$ So I agree with your call. go SHORT on the Yen
thanks
rwz
CryptoPAMM
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hmm not sure, it reached my upside target, could be dangerous
JaimePantoja
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Similar thoughts .. although I captured a part of the movement intraday
I look at the Yen/US$ so I agree. the Yen is looking weak. The hourly and 4 hour charts show continuing strength to the US$ So I agree with your call. go SHORT on the Yen
thanks
rwz