Kevin_Lomax
Short

Simple Monthly Support and Resistance Analysis

FX:USDJPY   U.S. Dollar/Japanese Yen
70 0 4
Sometimes less is more. Using simple methods for drawing my monthly support and resistance has been a great improvement to my trading. I cannot post all my trades and analysis, but here is what I have been looking at primarily while being long Yen since the start of this trend. No complex patterns, indicators or fundamental knowledge is needed.
I am short this pair, and looking for price to head towards 100 area.
Comment: Works well, wouldn't you say?
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