USDJPY showing Reversal Head & Shoulder Projection

USDJPY showing Reversal Head & Shoulder Projection

Rami
17 (07) 2016 - 19:38 (GMT)
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The Mid-Long-Run technical analysis showing ability for the market to build Reversal H&S projection which will have (93.70 - 94.80) as support zone which still possible target for the Short-Run wave

we will give high attention for such projection as BOJ (Bank Of Japan) intentions and course strongly support this model , where Mr. Kuroda governer of BOJ announced previously that any drop below 100.00 may push the Central Bank to intervention to weaken the Yen , where policy makers trying since the world crises in 2008 to fight the deflation

and so any drop below 100.00 must give alert for traders to watch carefully there trades and be ready for any intervention by BOJ , while will conside (93.70 - 94.80) as potential long-buy zone

stop loss will be set below 90.00 zone , while first target will be toward 124.00 and then toward 135.00 

USDJPY

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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