112.5 now is a border for bulls. Untill 112 - strong buy.
107 bears target. 117 bulls target.
Will see who will consolidate first - bears consolidates between 113.8 & 114.2
Bulls at a whole 112
Who are the first come to the consolidation level - those will win.
I expect a good dive to the 112 level for a time, not just dips, and also expect to see a good trade volumes.
Can`t tell exactly the time when this will take place.
I will decide further direction as i've posted above.
USD/JPY reached a low of 112.86 this week after the Fed raised the interest rate. The pair is now 113.35 and no major news are expected today so the trend might consolidate around current levels.
USD/JPY reached a low of 112.86 this week after the Fed raised the interest rate. The pair is now 113.35 and no major news are expected today so the trend might consolidate around current levels.
Ignored
Ok, but they didn't consolidate here. The pair is just decide where to consolidate.
I prefer 112 level consolidation.
{quote} I expect a good dive to the 112 level for a time, not just dips, and also expect to see a good trade volumes. Can`t tell exactly the time when this will take place. I will decide further direction as i've posted above.
pre-defined stop loss and profit targets though but manual yes.. still testing it on a micro though want to push this to the extremes to be able to determine my sizing better .
Market acting so strange at the moment. Maybe FED is losing control. Rate hike and strong data has destroyed to dollar for 2 days in a row. Seems to me like overreaction. UJ is on sale for sure.
