USDJPY showing strong resistance. This currency pair haven't been this high since 2002. So, look for a big sell this week. Plus, we have some red folders this week too. Trade your plan and trust your skill set.
GOING OFF THE TREND AND PREVIOUS PATTERNS OF THE PAIR... I SEE IT WILL HIT MAJOR SUPPORT AND GO BACK UP TO THE STATED TAKE PROFIT AREA. MARKUP WAS DONE ON A 3-4 HOUR TIME FRAME... GOOD LUCK TRADERS HOPE YOU GUYS HAVE A PROFITABLE DAY!!!!!!!
USE PROPER RISK MANAGEMENT AND STICK TO YOUR TRADING PLAN...
LOOKING AT THE HEAD AND SHOULDERS PATTERNS THE MARKET LOOKS BEARISH. AT THE SUPPORT LEVEL AS 64.900 AREA THE MARKET TOUCH FOUR TIMES. PLACED A S L @ OR ABOVE 67.547 TP 1 AT 64.911 IF YOU WANT TO GO FOR POSSIBLE TP2 63.230 GO FOR IT. ALWAYS USED PROPER RISK MANAGEMENT, THANKS GOOD LUCK TRADERS.
While looking at the head and shoulder pattern its looks bearish. SL: 0.59730 TP1: 0.58536 TP2: 0.58010. Always remember proper risk management within the market. Good luck you guys.
LOOKING AT THE DOWNWARD (BEARISH TREND) THE MARKET SEEM TO MADE A NEW SUPPORT AT THIS LEVEL(1.0700ISH). SO YOU CAN PLACED A BUY ORDER. STILL NEW TO MARKING CHARTS. ENJOY!!!!!