USDJPY: I was right on Yen, the drop is not over, expect more.

FX:USDJPY   U.S. Dollar / Japanese Yen
216 0 2
On Monday, I talked about the drop of USDJPY             , and it fell faster than I expect ; two targets I choose U/J pierced.

U/J now stops at SMA100 and SMA200 : 121.50 : This is indeed a strong support especailly Kumo cloud also lies there.
+ an ascending trend line .

So what am I wating for ?

I took profit a SHORT position of U/J at 121.50, and I want to SELL USDJPY             again.

SELL U/J at current level at 121.69 is not a bad idea, stop loss should be above 122.20

But I think it's better if we wait until USDJPY             breaks the ascending trend line or daily candlestick closes below 121.50

There is no major support until 118 level, so if 121.50 is offically broken, USDJPY             could fall intensively to 118

I think we should concentrate in spycho levels : 120 and 119 first.

I still SELL.

F.B page: www. facebook             .com/trackingforexsignals (http://tinyurl.com/jxayluk)
Web page: http://www.trackingforexsignals.com
Twitter: https://twitter.com/SforexSolution
Contact: admin@trackingforexsignals.com
Sforex Solution: Do the right thing – Think the right way
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out