USDJPY_March2015_Technical_Analysis Due to recent good released NFP data in the USA,the JPY jumping up to highest level. Good NFP data maybe plays not here a really big roll for a weaker JPY at the moment, but the intention of the BoJ to put further stimulus during this year, for the oil prices have been dramatically fallen therefore a 2% inflation target is...
A narrow PRZ (Potential Reversal Zone) Equivalent AB=CD within it. SL - 120.550 TP1 (.382 of the AD move) - 119.440 TP2 (.618 of the AD move) - 118.960 Thats all, folks.
Throughout the day we see a view exhibits strong yen . Poor performance of US retail sales of USD / JPY has been supported in print . However, the rest of the day can be expected to be effective together under downward pressure level of 117.20 . Possible break of the 116.10 level sales in one, next key support point may cause the targeted level with 115.40 . With...
This is evident on the Daily TF as well. If the price makes it back to the neckline, I truly feel this will be a make or break level for the pair... If price breaks below the neckline I will be scalping short but very cautious of bounces as we have seen lots of buyers around this level. I do believe this will at least make it to the neckline. The peak of the...