Week 1/17 - 1/25 Oil Oil Oil for FX:USDJPY by FXSayWhat

Week 1/17 - 1/25 Oil Oil Oil

116.50 holding while Crude Oil breaks bellow 30 dollars per barrel. How far would oil go? How far would dollar go? Will 116.50 held back in August in 2015 finally be holding the USDJPY week as oil continue making new lows??

Trade active

Entry on the 117.70

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USDJPY rally through 118.00.

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As oil found its ground above the 30.00 level.

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Stay Beyond the 185.50 level while heading into Jan. FOMC
Oil is on 32.00 This morning

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Correction: 118.50*

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Let's see if be able to land above the 118.50 level after the FOMC today.

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118.50 was able to hold through the FOMC and Asian section today.
Price makes another run up toward 119.00 level in London section.

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USDJPY breaks above the 121.00 level after BOJ show "Delayed 2% goal w/ negative interest". Dovish for Yen.
On the other hand we have Oil remain above $30 mark, $33

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USD NFP and Unemployment Rate comes out by the end of this week.
Where are we heading towards???

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Oil down again to 30, and the latest news support oil price isn't going up anytime soon.
retreat to the 120.00 level or the 50% level (from last week's rally).
If wave 5 be able to finish on the 120.00 level, I'd like to wait for a good rebound off this level.
On the other hand, NFP is due in 48 hours.

Trade closed manually

Last line of defense failed to hold at 119.50 level. Position closed.

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NFP release in less than 3 hours. Let's see if the 116.00 will hold or not.
charts.mql5.com/10/112/usdjpy-h4-metaquotes-software-corp-2.png

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FXSayWhat

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