Small drop before market close, and I think it's heading back up to previous support.
The case for USDJPY longs is strong: 1) Strong support area 2) Strong correlation with 10Y yield differential (shown in white). This differential should increase dramatically in the next few weeks/months. 3) Speculative interest is no longer at its highest levels. 4) Other risk assets (e.g. equities) remain well supported. The market can remain irrational for...
There is an uptrend. Set Entry level - 113.810, TP - 115.308, SL - 113.150
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
USDJPY weekly analysis 17 october 2016, long position . Long position : 102.03 Stop loss : 100.66 (137 pips) Take profit : 106.45 (442pips) R/r Ratio = 1 : 3.22