USDJPY QUICK ANALYSIS- THIS WEEK
120.83 = LONG STRUCTURE
AFTER A PROLONGED SIDEWAYS FORMATION, THE CLEAR PICTURE EVEN DURING THIS PATTER IS THAT USDJPY IS STILL LONG.
WE ARE NOW TRADING ABOVE THE STRUCTURE 120.83 WHICH IS OUR BUY POINT.
A DIP BACK INTO THE STRUCTURE WILL ONLY SERVE AS ANOTHER BUYING SIGNAL.
* IN SHORT TERM PLACE A STOP BELOW THE 4 HR GIFT 120.68.
* TARGET 1 = 121.83 BEFORE 123.20
AFTER A PROLONGED SIDEWAYS FORMATION, THE CLEAR PICTURE EVEN DURING THIS PATTER IS THAT USDJPY IS STILL LONG.
WE ARE NOW TRADING ABOVE THE STRUCTURE 120.83 WHICH IS OUR BUY POINT.
A DIP BACK INTO THE STRUCTURE WILL ONLY SERVE AS ANOTHER BUYING SIGNAL.
* IN SHORT TERM PLACE A STOP BELOW THE 4 HR GIFT 120.68.
* TARGET 1 = 121.83 BEFORE 123.20
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