Chart of The Day $USDJPY 09-07-2016

On the USDJPY  daily  chart we see a move to important resistance zone for downside continuation. We expect another test of 101 and even 99.600  in the coming days. If we see a break below 99.600 it will mean that the pair is continuing lower to the lower Pitchfork channel line. This days we had a lot of talks from BOJ officials about monetary policy but we have witnessed two times already that BOJ action actually led to a YEN strength not weakness.

For exact SL and TP levels and professional charting software (see chart) Subscribe.

How to trade with Pitchfork tool join our webinar.

Happy trading! (click on the chart to enlarge it)





One year 40% off special offer.

We cover all Majors, Crosses, Indices and Commodities. Join us and you will get access to  Trade alerts with exact SL and TP levels, real time on email, , viber, twitter private feed, NY session analysis of all major asset classes, Live trading sessions, Video analysis, Intraday market levels, Live chat support, Educational webinars, Private Mentoring, Asset management.

See our schedule HERE

Scroll to Top