Click Here to see the initial plan from the beginning of the week. Chucked in a 150 pips on the weekly swing.
UsdJpy Daily Chart
Price reached the conservative monthly target at MM1. Due to some profit taking and also bulls buying off support, we are now seeing price edge higher. My long term target on this is the bottom of the range at 108.500 and will continue selling the dips until then.
UsdJpy H4 Chart
We had price come off the weekly central pivot at the beginning of the week. to only reach the weekly target. I'm looking at shorting this at the role reversal, also thinking that the 21 moving average will act as dynamic resistance as it has been evident how bears have been selling off it.
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About The Forex Analyst
I just think to myself at times that hey young man, some of best the best days of your life haven't happened yet, and man what a wonderful feeling it is.