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Technical Analysist & Blogger
Naren Neelamagham
Usdjpy is out from bottom trend line in H1 Time Frame-Channel and holding and the price holding near support level at 113.475. If 113.47 level is breached then the next support will be at 113.039
Fed chair Yellen Testimony on economic growth and USD PPI for the month of Jan is the key fundamental in focus,
If 38.2% level is breached then it would add bearish sentiment to USD.
Fed chair Yellen Testimony on economic growth and USD PPI for the month of Jan is the key fundamental in focus,
If 38.2% level is breached then it would add bearish sentiment to USD.
Naren Neelamagham
I'm back for today's trading.
Taken a position based on Morningstar candlestick pattern formation in H1 chart at support 112.96
Major fundaments are forming for USD today,
Hope dollars will pull back
Taken a position based on Morningstar candlestick pattern formation in H1 chart at support 112.96
Major fundaments are forming for USD today,
Hope dollars will pull back
Naren Neelamagham
Published post USDJPY
Fundamentals seem's to be weak in dollars, but still willfully taking a position at support hoping trump will take measures to strengthen dollars. Based on Fibonacci Retracement if UJ breaks 112.47 in D1, then the next support will be at 110. I have two position's open in UJ one at 115 and 113...
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