The USDJPY is now up 18% since breaking out from the major resistance at
125.85 from the June 2015 high. In the recent post for the USDJPY, price was
up 11%, so it has seen good growth since then.
The move is no surprise as price broke out from long-term consolidation, lasting
almost 7 years. Following this strong current move, we can expect another period
of long-term consolidation. This is why we want to catch the big moves as they happen.
Price is now approaching the 150 round number which is a psychological level of
resistance. We may see price hesitate around this level. Whether price will break
beyond 150 or reverse will be down to who comes out on top, the buyers or the sellers.
We have multiple positions in this forex pair. We are now managing our positions and
will compound if and when the time is right.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
125.85 from the June 2015 high. In the recent post for the USDJPY, price was
up 11%, so it has seen good growth since then.
The move is no surprise as price broke out from long-term consolidation, lasting
almost 7 years. Following this strong current move, we can expect another period
of long-term consolidation. This is why we want to catch the big moves as they happen.
Price is now approaching the 150 round number which is a psychological level of
resistance. We may see price hesitate around this level. Whether price will break
beyond 150 or reverse will be down to who comes out on top, the buyers or the sellers.
We have multiple positions in this forex pair. We are now managing our positions and
will compound if and when the time is right.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
