Direct from the desk of Dane Williams,
This is not your average forex broker blog.
USD/JPY Daily:
The bottom has really fallen out of USD/JPY, sending price to the bottom of its range.
With price now sitting at higher time frame support, will the zone hold?
Best of probabilities to you,
Dane.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Hi Dane, nice chart. Monthly has somewhat of a bearish look for me with that fake breakout to the upside and the price being in a bearish triangle.
Nevertheless, on smaller timeframes, I think we might have to enter trades on support always with the assumption that the support is going to hold.
EDIT: forgot chart
Can't fault your logic.
Enjoy your weekend, mate!
Cheers, you too! Catch ya later!
Can you please not post these spam comments on my totally unrelated blogs?
It would be much appreciated going forward.