Chart of The Day $USDJPY 2-03-2017

On the USDJPY daily chart, we can see that the pair is reacting for the second time from Nov.16-Jan.17 swing up 38.2% Fibo retracement 112 level. Recent price action has formed a range from 112-115.360. An intraday break above 114 could lead to a test of upper range 115.360 level. Only on a daily close below 112, there is a scope for 110 level to be tested.

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

usdjpy trend following strategy


Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member here

Regular plans

Premium membership plans with the partial refund on trade alerts!

Trading and sharing the risk with you

Scroll to Top