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  #261  
Old 21-09-2017, 11:54 PM
mazri_2008 mazri_2008 is offline
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USD/JPY look to buy on dips for a further push up

Price has continued to rise strongly and we look to buy on dips above 111.71 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.41 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) sees support above 50% where we expect further bullish momentum from.

Buy above 111.71. Stop loss at 110.97. Take profit at 113.41.


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  #262  
Old 21-09-2017, 11:58 PM
mazri_2008 mazri_2008 is offline
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USD/JPY: The USD/JPY pair went sharply upwards on Wednesday – to corroborate the existing bullishness in the market. Price is now above the demand level at 112.00, and almost reaching the supply level at 112.50. Other supply levels at 113.00 and 113.50 may also be reached before a meaningful reversal happens.


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