lunes, 16 de marzo de 2009

USDJPY follow up

Daily

The pair is finding strong resistance at this level, due mainly to the 61.8% and 38.2  fibfans of the two previous bearish swings and to a previous Support and resistance level.
Could be the bullish flag end.
2009-03-16_USDJPY_D1_fans_resistance

1 Hour

Last week i was talking about to trade in two stages like the chart shows.
USDJPY_H4

The price moved down and pullback for retest, but is still up. This week, a bearish break of the bullish pullback can be a good entry.

2009-03-16_USDJPY_H1_Trianglebreak-

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