USD/JPY pair is moving around bellow daily 200 SMA i.e 104.44, the volume is high, I am long in this pair with the stop loss at 101.145 and take profit at 103.56. if we see the jun and July 2013 chart , it clearly shows a resistance area around 101.14 which was eventually broken upside in Nov 2013. and become support area as we seen from Feb 2014 to July 2014 price stay there and did not breach downside. so this area becomes support as old resistance often become support when they breach

.
Translate to Inglese Show original

Since you are not logged in, we don't know your spoken language, but assume it is Inglese
Please, sign in or choose another language to translate from the list.

– o –