Friday December 9, 2016 - 17:08:34 GMT
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Valerio Gelpi - www.valeriogelpi.com
Outstanding Post on the Forex Forum
The following is an outstanding post on the Forex Forum. Note USDJPY traded to a high at 115.28 so fart on friday. At the time of this post, USDJPY was around 114.
london red 20:46 GMT December 8, 2016
Friday Trading: Reply
the dollar had a bit of a pause until today - eur was higher and yen was stuck. but thx to eur moving lower, the dxy is now looking to retest highs. tom shud see yen finally test 115. shud be worth buying any dip below 114 (113.30/50 might be low) towards the tenkan. anything below 113 wud call the abv into question. if the barrier fails at 115 youve got a tgt by 11558/75/90 and 116.13. its poss we go up and fall back dwn to end the trend so id suggest taking a profit with a small fade at those points and just see what happens. the 116 level was massive on the way down and its well capable of giving us a pullback to 11250 but weve had a bit of a pause so i wouldnt base case it.
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