So You Agree To Say The Jpy Should Go Down, If The Dow Is Up?
And What Indiors Do You Use To Technical Analysis?
So You Agree To Say The Jpy Should Go Down, If The Dow Is Up?
And What Indiors Do You Use To Technical Analysis?
If the dow is upward, the JPY goes down along with the jpy crosses goes up...I use fibs, murray maths and linear regression for my trading....so great trading platform as such. . .just plain and pure price action, market texture, S and R..
GU has broken thru resistance at 1.9885....those who dont like risk can await rest of 1.9900 to input...
I usually use the 1H timeframe charts. . .but sometimes I switch to the 15M charts as well to find the intermediate S and R points...
As mentioned previously, the EJ has experienced a nice 15 pip run from its service at 155.37...
So too has GU. . .supports are the areas in which the pair will break before going up again. . .it is where of going up, the odds are greater than chances of going down. . .vice versa for resistance....
So as u can see, GU has taken up out of its support at 1.9885...