USD-JPY History Repeats Itself

31 gen 2019

The chart shows the demand and supply zone in USD-JPY pair. The pair is unable to sustain above 114.50 and below 104.50. This broader trading range is followed since year 2017 till date. The pair had broken down on wedge like pattern earlier and fell to 104.50 and then again raced back above 114. Then again the same wedge like pattern is formed and the pair has fallen. Now it had a pullback but seems not to cross 110 and likely to move below 105 towards the demand zone.

1 mar 2019

Nota

111.88 and 112.53 are good levels to go short with stop above 113.35 for t/p of 109.40/108.45

6 mag 2019

Nota

After making a high of 112.40 usdjpy has fallen more than 200 pips. continue holding position as its more than 100 pips in the money w.r.t 111.88 as selling price.

12 giu 2019

Trade chiuso: obiettivo raggiunto

targets of 109.40 and 108.45 both reached

23 set 2019

Nota

usd-jpy follows cycles