USDJPY_March2015_Technical_Analysis
Due to recent good released NFP data in the USA,the JPY jumping up to highest level. Good NFP data maybe plays not here a really big roll for a weaker JPY at the moment, but the intention of the BoJ to put further stimulus during this year, for the oil prices have been dramatically fallen therefore a 2% inflation target is still not reached,might be a good back reason for the strong upward trend of Yen now.
We prefer to go long with UJ.
Good buying level should be @120.440 and t/p @ 123.495.
In case the price would be triggered the green projected upward trend line,then go long with it.
Risky trader can go long@121.550 and s/l@120.400
Trade well!
Makkaba team
Due to recent good released NFP data in the USA,the JPY jumping up to highest level. Good NFP data maybe plays not here a really big roll for a weaker JPY at the moment, but the intention of the BoJ to put further stimulus during this year, for the oil prices have been dramatically fallen therefore a 2% inflation target is still not reached,might be a good back reason for the strong upward trend of Yen now.
We prefer to go long with UJ.
Good buying level should be @120.440 and t/p @ 123.495.
In case the price would be triggered the green projected upward trend line,then go long with it.
Risky trader can go long@121.550 and s/l@120.400
Trade well!
Makkaba team
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.