DislikedUSD/JPY
Weekly Chart: As can be seen from the 1st chart 94.70 has acted as significant support / resistance in the past. Now that price has broken though this area it should act as good support.
Daily Chart: 94.70 is right where the 20 EMA is. Notice how price tends to respect the 20 EMA more than not. However, when deeper corrections / pull backs occur the 50 EMA will also act as excellent support / resistance which can be seen on 2-25, 2-26, and 2-27.
Hourly Chart: Price bounced very nicely...Ignored
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir