Market is not random but unpredictable
-
USDJPY Has Bullish Potential But Remains Largely Undecided
On May 11th, I wrote about a falling wedge on the USDJPY. Last Monday’s close above wedge resistance was indicative of strength as the latest round of consolidation ended. However, here we are five sessions later, and not much has changed. The USDJPY continues to struggle to determine what role it wants to play in the current market. That said, the pair is holding above 106.90. You can see where 106.90 served as support twice in April. In fact, the 106.90 area has been a factor since June of last year. It was even a level we played last August. Members of Daily Price Action know that I was buying USDJPY earlier ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 18, 2020 8:32pm May 18, 2020 8:32pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
- Comment #2
- Quote
- May 19, 2020 12:05pm May 19, 2020 12:05pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable