FX:USDJPY   U.S. Dollar / Japanese Yen
183 8 10

SHORT TERM STRATEGY

Trade Within The Box= Buy Low, Sell High = Scalp

LONG TERM STRATEGY
Box BO and Trade to 124 or 118, depending


I will update with time
SimpleFX. Less Is More @ MooreKapital
Comment: Cat out of box ;)
USDJPY, my attention next
Comment: Now that we're out of the box , I think that PB testing of box top for support is the ideal thing.
The basic tenets of Technical analysis: SUPPORT & RESISTANCE.

Now, when that is done, I see 125 as the ultimate target. But 124 first

Comment: imagine price, a ferromagnetic substance, AND 124-125 A MAGNETIC FIELD ;)
Now that we're out of the box , I think that PB testing of box top for support is the ideal thing.
The basic tenets of Technical analysis: SUPPORT & RESISTANCE.

Now, when that is done, I see 125 as the ultimate target. But 124 first
Reply
IvanLabrie moorekapital
I don't know about longs here.
Good luck if taking it.
+1 Reply
moorekapital IvanLabrie
I think there's enough support, all the way up to the 120 handle. Should we go below that, I may turn bearish. Until then, I feel bullish bias. ^_^
Reply
IvanLabrie moorekapital
Perhaps. I don't know, I see a few bearish signals there. Also correlations.
+1 Reply
moorekapital IvanLabrie
Correlation with SP500...?
Reply
IvanLabrie moorekapital
Yeah.
Reply
Awesome!
Reply
I'd wait to short higher, or long lower, so, agreed.
Reply
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