Usd/Jpy
Context:
this pair is ranegbound with support @118.600 and resistance @120.400 ,
the actual rejection of res. brought us near support again but still price resulted in a higher low
the induced rallie however got rejected @120.140 and formed a lower high , we stay in this range till we left that
range for good ;) till then selling and buying at the extremes is ok,
signs of strenght:
support holds
higher low
signs of weakness:
resistance holds
lower high
this pair is ranegbound with support @118.600 and resistance @120.400 ,
the actual rejection of res. brought us near support again but still price resulted in a higher low
the induced rallie however got rejected @120.140 and formed a lower high , we stay in this range till we left that
range for good ;) till then selling and buying at the extremes is ok,
signs of strenght:
support holds
higher low
signs of weakness:
resistance holds
lower high
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