A new support and resistance level on USDJPY
Analysing forex from The Market side & perspective.
Hello traders, today we analyse USDJPY. The market movement now is a big sideway. The market went down for about 75 pips and almost touch the lowest of July but went back up for 60 pips to its initial price. This indicates the market forms new support and resistance level at the both sides and will be broken anytime soon. As we can see that two of our SELL positions at 107.17 and 106.85 is CLEARED. today, we have one positions from our last analysis BUY at 107.56 and a new positions SELL at 107.01 if the market going back down like the last time.
Hello traders, today we analyse USDJPY. The market movement now is a big sideway. The market went down for about 75 pips and almost touch the lowest of July but went back up for 60 pips to its initial price. This indicates the market forms new support and resistance level at the both sides and will be broken anytime soon. As we can see that two of our SELL positions at 107.17 and 106.85 is CLEARED. today, we have one positions from our last analysis BUY at 107.56 and a new positions SELL at 107.01 if the market going back down like the last time.
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