#USDJPY a definite buy
I'm still holding a general USD bullish stance, USDJPY since it's bounce from multiple wave confluences, I have turned bullish since then. Price is slowly grinding higher, which is what I always loved to see. I was not able to enter again at 118.90 as per my previous idea.
USDJPY dipped to new low last thursday, but saved by US CPI data, it bounced impulsively from 118.05 low. Note that 118.20 is the 0.618 of the 116.072 to 121.728 rise AND 1:1 of 121.728 to 120.168 drop. And price rebounded impulsively at nearby level, this is the main reason i turned bullish USDJPY.
Tirangle is no longer the case.
USDJPY dipped to new low last thursday, but saved by US CPI data, it bounced impulsively from 118.05 low. Note that 118.20 is the 0.618 of the 116.072 to 121.728 rise AND 1:1 of 121.728 to 120.168 drop. And price rebounded impulsively at nearby level, this is the main reason i turned bullish USDJPY.
Tirangle is no longer the case.
Note
broadbased USD strength help this pair to move up. move stop to 119.6 just below today's low
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.