Day trade
Trade view / 11 August 2016 at 22:10 GMT

UPDATE: USDJPY hits intraday target

Analyst / PIA First
United Kingdom
Instrument: USDJPY
Price target:
Market price:

This intraday target has been met (please see USDJPY building a base?).

The strength of the move higher would indicate further gains should be seen. The next barriers are: ¥102.57 and ¥104.90 (strong) 

— Edited by Robert Ryan

Non-independent investment research disclaimer applies. Read more
Vakas Vakas
Ian how are you... i think usdjpy has carved kind of a h&s pattern on its daily chart and it is at neckline support right now... although 100.70 is a strong support area it is also 50% retracement of 75.57 and 125.86... but i think if upcoming economic figures diminish rate hike bets from the Fed and if we see a close below 100.70 and 100.00 level on daily time frame we may see a larger sell off of usdjpy pair towards 97.50 and 94.80 61% fib retracement.. what do you think?
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
I think its looking good at the moment. The last 6 weeks looks like a corrective channel do more downside in the medium term


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