FX:USDJPY
Overall structure based on the Weekly, Daily and 4h timeframes is bullish. Yesterdays CPI news release pushed price down to 150.355 Daily support area. An bullish engulfing variation candlestick was my confirmation to continue my bullish bias on USDJPY
Today's focus FRA40 CAC
Pattern – Support hold - continuation - HL
Possible targets – 7465 - 7600
Support – 7315 - 7360
Resistance – 7460 (ST)
Indicator support – CCi close to 0 cross – 38.2 fib area
Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could...
