*After a period of consolidation at the 50 week MA of no less than three months, the USDJPY pair looks ready to continue it's longer term trend higher.
*This SMA (50 week sma) has been a decent bull / bear line since 2008. See red / Green ovals denoting interactions. When price was in a downtrend it acted as resistance (red ovals). Since late May 2012 it has acted as support (green ovals).
*With a weekly close over 105 looking for price to try to achieve 112-114 measured move objective.
*Weekly closes below 100 USDJPY would negate this bullish setup but I would use a weekly close below 50 weekly sma (currently 101.87) as a tighter stop loss.
*This SMA (50 week sma) has been a decent bull / bear line since 2008. See red / Green ovals denoting interactions. When price was in a downtrend it acted as resistance (red ovals). Since late May 2012 it has acted as support (green ovals).
*With a weekly close over 105 looking for price to try to achieve 112-114 measured move objective.
*Weekly closes below 100 USDJPY would negate this bullish setup but I would use a weekly close below 50 weekly sma (currently 101.87) as a tighter stop loss.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.