Posts by BIJAN_SD
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in BIJAN_SD chart
Dec 11, 2019 at 07:52
EURJPY obstinately fighting hard to break through the resistance trend line commenced from @1.2317 were tested twice at @121.47 and @120.71 quotes. Market sentiment will be bearish as far as the currency pair remains below that level. For those who have invested in Japanese Yen, the first target profit should be near @118.27 support. Levels @121.45 and @121.00 could be a reasonable level to exit sell transacts with loss.
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in BIJAN_SD chart
Dec 11, 2019 at 06:31
USDJPY in the Daily and Weekly chart has formed a wedge where exhibits a strong tendency of the U.S dollar to revisit the resistance made at @118.64 and tested at @114.52 (Referring to the green trend line). Level 0.45 of Fibonacci retracement could magnetize the currency pair to surge 170 pips.
A break above the green trend line, the currency pair possible would have an eye off resistance at @114.448.
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