Perfect Level for a New Position
The two similar patterns caught my eye & made me laugh.
However, when looking further into it, this is the perfect entry level.
Upward Trend
Bounce back off the 87.69 Resistance, turning it into a Support Level
RSI above the median
Stochastic on an uptrend
55 ema went above the 200 ema a few days ago
Last time the pair broke this resistance was in March 2014 and reached a high price of 94. Might not be the same this time but keep your eye on the pair and the eonomic news of Japan.
TYPICAL DISCLAIMER
Trade at your own risk & not financial advice.
However, when looking further into it, this is the perfect entry level.
Upward Trend
Bounce back off the 87.69 Resistance, turning it into a Support Level
RSI above the median
Stochastic on an uptrend
55 ema went above the 200 ema a few days ago
Last time the pair broke this resistance was in March 2014 and reached a high price of 94. Might not be the same this time but keep your eye on the pair and the eonomic news of Japan.
TYPICAL DISCLAIMER
Trade at your own risk & not financial advice.
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