Thursday, 9 June 2016

TRADING ANALYSIS - USDJPY 1H

Ok let's take an overview of the USDJPY on 1H timeframe.

The market is still bearish and targeting the 106.00 to 105.50 area which is also a good opportunity to buy since it holds the strong support area.

EMA 200 is still downtrend so we will always look for opportunity to sell.

105.50 area is a good opportunity to buy we already put buy limit on this area.


Break-above the EMA 200 will switch our expectation to NSH

107.70 is our nearest resistance.

Our parabolic sar EA is still on SHORT only mode.

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