Another month another challenge... as always. Good luck to all.
USD/JPY mark: 112.352.
Timeframe: D1
Forecast: sideways
Critical points:
Resistance (ceiling): 115.000
Support ( floor): 108.300
Moving triangle limits:
Based on chart below, the cross is on the upper half of the triangle. We can sell on the limit (( blue shadow) stopping-loss a bit above the descending line or sell over a bearish candle. Buy close to but above the ascending channel.
USD/JPY mark: 112.352.
Timeframe: D1
Forecast: sideways
Critical points:
Resistance (ceiling): 115.000
Support ( floor): 108.300
Moving triangle limits:
Based on chart below, the cross is on the upper half of the triangle. We can sell on the limit (( blue shadow) stopping-loss a bit above the descending line or sell over a bearish candle. Buy close to but above the ascending channel.