USD/JPY: Since the large triangle was broken to the upside, the

Tian Kriek

Analyst


February 21, 2020 03:34 AM

BULLISH

Daily Trading Range:
USD/JPY: Since the large triangle was broken to the upside, the monthly probability is now Bullish and I expect price to mobe +1800 higher. The weekly probability is also bullish, suggesting that price will also move +1800 higher. The daily Fibs are also in an UP ABCD swing with the D extension at 112.50 which is +75 pips away. I am deploying my strategies in a Bullish capacity. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-21-feb/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 111.6600
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart
10 Keys to Successful Forex Trading