Tuesday, October 20, 2015

10/21 USDJPY

Yen continues to hover above 118.39 yet trying 120.00 level.

Will the rise of USD over YEN continue to today's trade? What do you think?

Oh well, as long as the MACD continues to head south i'd still prefer selling the pair.  


Since 38.20% retracement at 119.57 has been broken, I would love to keep my selling limit at 120.65 for a possible retest at 50% retracement.


It may continue to range like longer than we can think but we all know that weekly is possibly heading for another dip back to 116.00 lever to complete the formation.


There you go, I hope you had another worthy input to today's trading.

Happy trading ya'all!


No comments:

Post a Comment