Yesterday’s candle broke 121.50 resistance.

usdjpy-d

Today price went up to 122.00 and then as expected retraced back to retest previous resistance now turned into support at 121.50 .

usdjpy-4h

This was entry signal for bulls to join the uptrend. Next resistance is not seen till 123.00 .
Unemployment Claims news was a bit worst than expected, but seems that this don’t have much influence on the market at the moment. Tomorrow there is Non-Farm Employment Change, so it could be that we will not get much movement anymore till tomorrow.

One thought on “USDJPY trade setup for 05. of November”

  1. Artem says:

    Thank you Igor

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