USDJPY My Long for SwingThis is what I am getting doing for usdjpy, because this instrument is over bought
what do you think
Usejpy
USDJYPY ShortPrice after break the Strong Support (shown by Red Line) it changes to the Strong resistance line. it seems price has stabilized and will does down.
USDJPYprimary set up for buy or long position.
Waiting to complete Re-Test.
The retracement can take up to a day
for a clean re-test pattern; being is key.
This trade will test your psychological aspect
Secondary Trade Set Up for BUY or LONG POSITION
Wait for a Re-Test
USDJPY possible further BearishUSDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline.
If breaks 109.9, likely bearish to 108.8 - keeping levels in mind:
S1 109.90 S2 109.40 S3 108.80
R1 110.35 R2 110.80 R3 111.20
Personal analysis only. Please use your own rules & strategies prior to entering market.
