Ok so with this pair, we have seen a break of the .78000 level and moved up pretty nicely so far, as we are also sitting right above the price right now. so now with the tech respect at this level, the first look at this price .78000 would be the first look into London, but for whatever reason we see not touch back to it then for me its either .78300 or .78500...
FX:USDJPY OK so even with the move of all the range that we were looking at from last night which was 106.500 to 105.500, we saw the respect of them still last night even after the moves. so right now we are still looking at the possibility of them respecting the levels again tonight, and we are really close to the bottom of price which is where we are looking...
ok so we are still in a down trending market, and have seen a strong look away from 106.500 and already seeing a look down from it and so now if we get another look at it, then we could easily look for another move down, but again with the Fundamentals happening this week, we could see this stay in range between 106.500 to 105.500 so we will be looking for that...