This is just a Test for a Long position that I am already in for GJ. I am targeting 144.50.
Pair has been rejected by hourly fibo resistance and should fall into London. CCI has turned bearish as well. Stop loss at 83 with TP at 80. Good Luck.
Shorting USD/JPY as the 4 hour Fibo levels have held and RSI is close to rolling over to bearish.
CHFJPY IS IN AN UPTREND.I AM WAITING FOR THIS HOURLY PULLBACK TO GIVE ME A BIT OF RSI STRENGTH TO RE-LONG FOR A 116 TARGET.
Currency Strength Indicator is showing Aussie Dollar recovery and a bit of Yen Weakness.This may be a good long for the Asian Session today 1/3/17 as the pullback has occurred also. Will update B4 Asian Tokyo open with Specifics.
GOING TO STAY SHORT UNTIL THE HOURLY WHITE TRENDLINE IS CLEARLY BREACHED. TARGET IS 117.12 THEN WILL RE-ENTER SHORT AFTER A PULLBACK FOR NEXT LEG LOWER IF SETUP IS THERE. GOOD LUCK.
NZDUSD support is holding firm at .6995 while DXY seems to be losing its grip. I have taken a long position and will hold until .7385
The pair is in a strong 4 hour uptrend. I suggest buying pullbacks.
MACD Divergence and waning bullish momentum.
Pair is struggling with higher highs now. I'm short.