the USDJPY looks interesting today. Take a look at the daily chart!
As you can see there is a strong support level holding up at 81.43! apart from that massive movement (red candle when japan earthquake happened). This level has been strongly supported.
USDJPY also looks like it may hit towards that level today. I'm going to watch this level extremely closely today. But instead of looking at the daily chart i'm going to watch the 4 hour chart. If i see a candle close below 81.43 i'm going to hit a short for another break lower. If i see this level supported I'll hit a buy.
It is Good Friday tomorrow which means i'm on vacation! and Easter Sunday this weekend yippee!!
Happy Trading!
As you can see there is a strong support level holding up at 81.43! apart from that massive movement (red candle when japan earthquake happened). This level has been strongly supported.
USDJPY also looks like it may hit towards that level today. I'm going to watch this level extremely closely today. But instead of looking at the daily chart i'm going to watch the 4 hour chart. If i see a candle close below 81.43 i'm going to hit a short for another break lower. If i see this level supported I'll hit a buy.
It is Good Friday tomorrow which means i'm on vacation! and Easter Sunday this weekend yippee!!
Happy Trading!
FxTaurian
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