-
USD/JPY Builds Momentum; Key Resistance at 107.40
Technical Sentiment: Bullish Key Takeaways •USD builds bullish momentum ahead of Unemployment Claims; •Higher Low warns of inverse Head and Shoulders; •Japan Flash Manufacturing PMI due later tonight, with bullish expectations; •USD/JPY faces huge resistance clusters at 107.40 and 107.80. Price action should confirm very soon if USD/JPY can continue its rise and invalidate October’s downtrend. Technical Analysis Following a 50% Fibonacci correction completion, based on the 2-month 900 pip bullish uptrend, USD/JPY has recovered quite nicely since 15th October. Despite this 200 pip recovery, the pair is still ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 23, 2014 1:22am Oct 23, 2014 1:22am
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1618 Comments
- Comment #2
- Quote
- Oct 23, 2014 5:38am Oct 23, 2014 5:38am
- CapitalTrust
- | Membership Revoked | Joined Feb 2014 | 12 Comments
- Comment #3
- Quote
- Oct 23, 2014 6:10am Oct 23, 2014 6:10am
- CapitalTrust
- | Membership Revoked | Joined Feb 2014 | 12 Comments
- Comment #4
- Quote
- Edited 5:18pm Oct 23, 2014 4:43pm | Edited 5:18pm
- moneyflow21
- | Joined Nov 2013 | Status: Transformative Energy | 43 Comments
It's time we stop entertaining ourselves and start realizing ourselves!