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TradingCycles

Usd/Jpy - Buy the dip!

U.S. Dollar / Japanese Yen (FX:USDJPY)  
TradingCycles  
FX:USDJPY   U.S. Dollar / Japanese Yen
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The price is now decorrelated from the weekly cycle (not shown here) so, back to usual pure technical analysis:
Usd/Jpy's just broken the last top so I'm looking to buy the dip.
Next levels: 105 - 105,50 (cyclical moving average + channel) and 103.50 (two supports)

How to identify support and resistance using the trading cycles - HERE.

Like the idea if you agree,
Michele
Tradingcycles.net

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