USD/JPY - Reversal trend ? - 09/03/2016 (GMT)
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- Chart + One way trading
- Direction : Long
- |
- Long positions above : 104
- Timeframe : Daily
USD/JPY Chart
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UsdJpy has formed a double bottom on monthly support and psychological price level on 100 level.
Last week market managed to close above 104 right on the top of the downtrend channel.
Most of traders are already short while market could reverse on the long term.
We are already long from 100.4 level.
We are looking to add more trades if from next week, UsdJpy can maintain above 104
In case we break higher targets are 106 to 110 level
Last week market managed to close above 104 right on the top of the downtrend channel.
Most of traders are already short while market could reverse on the long term.
We are already long from 100.4 level.
We are looking to add more trades if from next week, UsdJpy can maintain above 104
In case we break higher targets are 106 to 110 level
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