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
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
jangseohee
2 years ago
Long term channel violated
+1 Reply
Recluse82 jangseohee
2 years ago
i prefer B
Reply
jangseohee Recluse82
2 years ago
So do i :-)
Reply
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