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Noticias de trading
4 Nov 2014
USD/JPY: Looking to enter long on pullbacks - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies Forex, is looking to go long around 112.96/63.
Key Quotes
"The USDJPY price action has stalled just above the 114.45 resistance, now dropping 75 pips since. Considering the jump 4 handles over the last few days, this seems natural. I'm suspecting a slightly larger pullback is on the cards before bulls step in to make a new leg up."
"I'm maintaining a bullish bias while above 110, so will look to get long at key levels along the way. I'll consider longs at the first pullback zone around 112.96/63, the second being 111.90, and the last being 110.30."
"Upside targets are 114.45, 119.50 and 125 as I suspect the major bull run I've been talking about is just getting to its middle stages with more to go."
Key Quotes
"The USDJPY price action has stalled just above the 114.45 resistance, now dropping 75 pips since. Considering the jump 4 handles over the last few days, this seems natural. I'm suspecting a slightly larger pullback is on the cards before bulls step in to make a new leg up."
"I'm maintaining a bullish bias while above 110, so will look to get long at key levels along the way. I'll consider longs at the first pullback zone around 112.96/63, the second being 111.90, and the last being 110.30."
"Upside targets are 114.45, 119.50 and 125 as I suspect the major bull run I've been talking about is just getting to its middle stages with more to go."