Disliked{quote} Sorry but all I can see on my charts are weekly and monthly dojis and the ultimate monthly resistance stands a bit higher so again we could very well collect some 200-250 pips. {image} {image}Ignored
As you have rightly drawn the monthly. The dojis shows there are rejections hitting the resistance. There are not enough room to go further up. Look at weekly, similar scenarios. That's my analysis and I could be wrong. Personally I would not trade this pair. Cadyen and chfyen seems more likely with weekly and monthly kind of agree. Not all yen pairs are in agreement on the weekly.
Thanks