The pair found support at the 0.5 and 0.382 Fib. level, signaling the next move up,
Lower then expected USD Consumer Confidence (SEP) at 86.0 was not enough to break this level and therefore I believe this pair is going to go higher on the JPY Tenkan news.
Watch out for:
JPY Tankan Large All Industry Capex (3Q)
JPY Tankan Large Manufacturers Index (3Q)
JPY Tankan Large Manufacturers Outlook (3Q)
All the news reports are likely to be negative, In that case the next move up will try for the R1 level.
I suggest to stay long or enter at 0.5 or 0.382 levels.
My previous Bearisch crab pattern is still vallid and developing (see link)
any comments on this idea are welcome
Trade well, good luck and keep it simple ;)
Lower then expected USD Consumer Confidence (SEP) at 86.0 was not enough to break this level and therefore I believe this pair is going to go higher on the JPY Tenkan news.
Watch out for:
JPY Tankan Large All Industry Capex (3Q)
JPY Tankan Large Manufacturers Index (3Q)
JPY Tankan Large Manufacturers Outlook (3Q)
All the news reports are likely to be negative, In that case the next move up will try for the R1 level.
I suggest to stay long or enter at 0.5 or 0.382 levels.
My previous Bearisch crab pattern is still vallid and developing (see link)
any comments on this idea are welcome
Trade well, good luck and keep it simple ;)
