Good Morning Traders,
Please check previous success with USDJPY to understand my accuracy with this pair.
Next leg of dollar rally is likely to be driven by a higher usdjpy. Only a move below 104 would indicate that the current bullish phase has ended.
The break increases the likelihood of continuing toward 107.25 - 108.00. This next level includes four separate pivots;
i) 200MA
ii) ABC from Sep. 27th
iii) a 1.618 extension from Aug. 16th and,
iv) an quality target from the June low.
Fade anything above 108 as this will be an important turning point for counter trend traders.
Congratulations to those in my premium trades, and another great week ahead. Please comment your views and your likes are always appreciated and to receive premium trades sign up below.
GL
Please check previous success with USDJPY to understand my accuracy with this pair.
Next leg of dollar rally is likely to be driven by a higher usdjpy. Only a move below 104 would indicate that the current bullish phase has ended.
The break increases the likelihood of continuing toward 107.25 - 108.00. This next level includes four separate pivots;
i) 200MA
ii) ABC from Sep. 27th
iii) a 1.618 extension from Aug. 16th and,
iv) an quality target from the June low.
Fade anything above 108 as this will be an important turning point for counter trend traders.
Congratulations to those in my premium trades, and another great week ahead. Please comment your views and your likes are always appreciated and to receive premium trades sign up below.
GL
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