Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
USDJPY – Approaching Key Zone + Potential Profit Taking | Sep 27
My Current Active Open Trades: EURNZD, CHFJPY, AX_UN, CSE, FTS, REMX, TRP, XHB, FXo EURJPY, FXo EURPLN,
USD/JPY – Closing in on Key Resistance (Daily chart)
After a last bearish attack on the key support area between 108.30 -108.80 + false break, the bulls came back with force, launching the pair 500+ pips higher in only 2,5 weeks.
We’re now closing in on the key resistance zone @ 114.30 which is the bottom of a larger LT resistance zone at which we’ll likely see some profit taking + increased bearish activity.
On a successful rejection from the level, bears initially would have to look out for minor supports coming in @ 111.80 and 110.70.
A successful break and close above 115.50 on the other hand would likely open up for fresh buying towards 118.50.
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