In the beginning of week, I talked about the when and where we should SELL USDJPY"
and
SPX rallied strongly last week and test the key resistance level, and exactly what I expect SPX cann't move further and seem bounce from this level.
Lack of US data, stock difficultly finds dynamic to rally more, so a bounce is reasonable.
In USDJPY chart, the intersection of three trend lines and resistance level 120 created a strong point where USDJPY must bounce from this level.
And that is the place I want to SELL USDJPY.
Target I choose is 118.20
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----Do the right thing, think the right way----
and
SPX rallied strongly last week and test the key resistance level, and exactly what I expect SPX cann't move further and seem bounce from this level.
Lack of US data, stock difficultly finds dynamic to rally more, so a bounce is reasonable.
In USDJPY chart, the intersection of three trend lines and resistance level 120 created a strong point where USDJPY must bounce from this level.
And that is the place I want to SELL USDJPY.
Target I choose is 118.20
Sforex Solution- Trackingforexsignals.com
twitter.com/SforexSolution
www.facebook.com/trackingforexsignals
Contact: admin@trackingforexsignals.com
----Do the right thing, think the right way----
