Japanese Yen in potential trading zone ahead of BOJ monetary policy

Japanese Yen in potential trading zone ahead of BOJ monetary policy

Rami
22 (07) 2016 - 12:55 (GMT)
1

USDJPY still holding daily close below 107.00 which if continue a trading zone between 104.55 - 107.45 may hit the market

with market sustain trades below 107..25 this may hit market for drop correction toward 104.55 before market sustain this trading zone ahead of BOJ monetary policy statement next Friday 29-7-2016

main support zone for the current uptrend wave will consider at 103.20-60 which as long as market holding above this zone the uptrend wave will sustain toward 110.00

downtrend risk will start below 103.20 which may drive for farther drop toward 100.00-70

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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Mohamed Aboshady

24 (07) 2016 - 21:00 (GMT)
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