USD/JPY idea of the week
On Daily chart pair entered into consolidation after move up on QE form BoJ.
On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target 101.455 then 101.200 then 100.754
On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target 101.455 then 101.200 then 100.754
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