USDJPY Range
The USDJPY has again moved to a new 2015 high this week, peaking at a price of 125.05. However, price found resistance at this point, under today’s R3 Camarilla pivot at 125.06. Price is currently testing range support found at 124.47. A bounce at this value would open the market for a move back in the direction of the trend. A reversal would occur on a breakout below today's S4 pivot, on a move towards a new lower low.
dailyfx.com/forex/education/trading_tips/post_of_the_day/2015/01/27/Strategy-Series-Part-5-Day-Trading-Reversals.html
dailyfx.com/forex/education/trading_tips/post_of_the_day/2015/01/27/Strategy-Series-Part-5-Day-Trading-Reversals.html
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Life comes down to a few moments, this is one of them.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.