JLS001: USDJPY Heading 112.00-102.00 in Medium Term
The medium term U-shape band is indicating for USDJPY strongly defended at 112.00 of original estimation 107.00-112.00-117.00 and turned to downward for 112.00-107.00-102.00. The 102.00 is estimated lower ceiling of medium term target zone, however it is possible the USDJPY to rebound to upward termporary at 107.00 before to be resumed to downward for 102.00.
The turning to 102.00 also indicated by the turning of GBPUSD and EURUSD to upward and followed by the turning of USDCHF to downward. However, the AUDUSD and NZDUSD will still continue to downward of their medium term target zones.
Your comments and opinions will be appreciated, and please advise if this analysis found to be "performing" and "non-performing" analysis.
The turning to 102.00 also indicated by the turning of GBPUSD and EURUSD to upward and followed by the turning of USDCHF to downward. However, the AUDUSD and NZDUSD will still continue to downward of their medium term target zones.
Your comments and opinions will be appreciated, and please advise if this analysis found to be "performing" and "non-performing" analysis.
Comment:
The firt 250 PIPs reached (112.00-109.50) and rebound before proceeding for another 250 PIPs.
Comment:
higher than normal margin maintenance and higher rollover charges