My Current Active Open Trades: GBPUSD, NZDUSD, EURNZD, CHFJPY, AX_UN, CUF_UN, CSE, FTS, XHB, SBER, TRP, REMX, XIV, FXo EURJPY, FXo EURPLN
USD/JPY – Key Support Held (Daily chart)
The bottom of the LCS we talked about in last week’s member commentary proved to be well defended as we saw a strong rejection from the support zone on Tuesday.
I’ve seen many of the members were able to take advantage of this move, so well done and congrats to those that did.
To the upside resistance levels are coming in at 110.70 and 111.80 and to the south the support zone between 108.10-108.80 remains. As long as this LCS holds, the boundaries of this structure can provide both camps (bulls/bears) …... Keep reading