USDJPY - trend line holding? Short

FX:USDJPY60

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 10, 2018 2:42 AM

Will the line hold? Possible intraday resistance for USDJPY

Let me know what you all think.... Comments please

Trend Lines USDJPY

Comments

ktuck

⋅ Apr 10, 2018 2:53 AM

I am bullish long term daily. This is long accumulation on shorter time frame to coincide with longer term, it will probably hold for pullback around 106.75-107 and move on up, IMO

ctredget

⋅ Apr 10, 2018 2:59 AM

@ktuck, it's a difficult time to read this pair a lot of volatility from the fundamental perspective. Do you have any charts for your bullish daily view, it would be interesting to see what you see

ktuck

⋅ Apr 10, 2018 3:01 AM

@ctredget, I will post short term on profile already have long term on there

ctredget

⋅ Apr 10, 2018 3:02 AM

@ktuck, thanks I will have a look. Happy trading!

ktuck

⋅ Apr 10, 2018 3:49 AM

@ktuck, Go to 15 minute and look for a nice reversal candle

tqhafiz

⋅ Apr 10, 2018 2:51 AM

yes possible to hold and go down this is my opinion

ctredget

⋅ Apr 10, 2018 3:00 AM

@tqhafiz, I think in this fundamental stage anything is possible. I'm holding a short from the top to see if I can scalp some pips out of this rise

tqhafiz

⋅ Apr 10, 2018 3:04 AM

@ctredget, what you say is right i can see if not all most JPY pairs will move down case of fundamental issues these days

ctredget

⋅ Apr 10, 2018 3:18 AM

@tqhafiz, yes there is a lot of noise and I expect the pairs to be range bound for this month so it's good pip hunting if the ranges hold