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ifanwar

USDJPY: BUY

U.S. Dollar / Japanese Yen (FX:USDJPY)  
ifanwar Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
1
0
trendanalysis
USDJPY pair just made a clear hourly closing above R 1 in an overall bullish trend on 4 hourly and daily charts. I am in therefore with a BUY call. I entered above R 1 keeping my stop loss just below R 1.
Comment:
A mistake. R 1,2,3 are actually supports S 1,2,3.
Comment:
In this post each R stands for support and each S stands for resistance.
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