On USDJPY 1 Week charts, since late last year pair has been in a bearish trend. Yes, this is a weekly chart so mostly for big picture information, not for trading purposes. Next week will be around 10 news events hitting this pair, so all will end up in the price action on charts. In big picture this pair will continue for rest of 2016 in a bearish direction.
PA is now 100.174, noted on chart are three major SUPPORT area which should be placed on lower time frame charts. On lower time frames, I will be focusing on chart patterns and support and resistance areas for entries into trades. See RSI noted on chart and remember to always look left on any chart, those are where S/R levels will be.
Always remember that price action should be your primary focus and money management is a very close second.
PA is now 100.174, noted on chart are three major SUPPORT area which should be placed on lower time frame charts. On lower time frames, I will be focusing on chart patterns and support and resistance areas for entries into trades. See RSI noted on chart and remember to always look left on any chart, those are where S/R levels will be.
Always remember that price action should be your primary focus and money management is a very close second.
