TGerrior

Potential Movement for USDJPY in the Upcoming Week

FX:USDJPY   Dollar Américain / Yen japonais
Using Chris Derrick's Floor & Ceiling method, I've boiled down to three option for USDJPY in the upcoming week. 2 long 1 Short.

1. Bearish movement to the 106.776 area before climbing to 108.445. (long on floor)
2. Bearish movement past the 106.776 area with a retest following before descending further. (short on retest)
3. Bullish movement before descending down to 106.776 retest before becoming bullish again. (Long on retest)
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