Sive Morten
Special Consultant to the FPA
- Messages
- 18,630
Good morning,
Yen is coming to strong monthly resistance area of 127. As price is overbought, chances for pullback exist. Thus, if you plan to take long position on USD/JPY - this is the scenario that you could consider. Initial pullback target stands around 123.50-124 - 5/8 daily support area:
Yen is coming to strong monthly resistance area of 127. As price is overbought, chances for pullback exist. Thus, if you plan to take long position on USD/JPY - this is the scenario that you could consider. Initial pullback target stands around 123.50-124 - 5/8 daily support area:
Last edited: