justatrader

USDJPY - Happy New Year #2015-Watchlist-1

FX:USDJPY   U.S. Dollar / Japanese Yen
640 3 11
Interesting article on Reuters about the 8 year cycle in USDJPY             , prompting me to take a look at the long term charts.
123.10 offers a strong resistance with confluence of trend line + past resistance level . Also the sharp break out from the multi year falling price channel tells us a possible test to the break out level is very likely.

Set an alert near 123 - 123.5 levels and monitor for weekly (or monthly) candlestick patterns for now.

Patience, pays!!
Happy New Year!!

Reuters Story: http://reut.rs/1x09IEe
Recluse82 jangseohee
i prefer B
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jangseohee Recluse82
So do i :-)
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