Technical Analysis/USD/JPY

USD/JPY technicals: Next resistance at 87.55

The 61.8% retracement of the fall from 94.95 to 75.60 comes in at 87.55 and this level should be respected.

Sorry that I cannot post a chart at the moment due to some technical problems. I’m off-line for the next two hours but will be back for the European opening, which should be fun!

  1. Missed a great move in both EJ and UJ due to the policy of not trading around the Christmas break 🙁 But now long UJ and EJ. Although I expect a correction soon I will follow my system rules and take my cues from the chart, not from my opinions.

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