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Saeed966
Dec 8, 2019 4:50 PM

USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Thus, it is now at a wonderful buying area, as if it does not break the support line, it will start to the resistance level and fall to the specified level
Comments
stratosphericInc
is the specified level the purple level?
Saeed966
stratosphericInc
@Saeed966, Thanks for sharing!!
stratosphericInc
@Saeed966, Is there fundamental reasoning that once it reaches resistance it will continue down to the purple support if there is I'd like to learn how to use it to predict moves like this
stratosphericInc
@Saeed966, Actually now looking at my currency strength indicator, on a daily perspective, the usd is 0.09%+ while jpy is 0.07%+ giving it good reason to reach that level of resistance while on the weekly perspective were looking at JPY + 3.31% and USD at 1.13% so It would make sense to see the purple move in the near future!
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