USD/JPY Breaks 102.00 Handle Following Bullish Candlestick Pattern

| 17 april, 2014 | 0 kommentarer

Talking Points

USD/JPY’s recovery may be set to continue based on a Morning Star formation on the daily which has received confirmation from a successive up day. The daily close above 102.00 favors longs with a potential target offered by former resistance at 102.70.

USD/JPY: Morning Star Supports Continued Recovery

USDJPY-Breaks-102.00-Handle-Following-Bullish-Candlestick-Pattern_body_Picture_2.png, USD/JPY Breaks 102.00 Handle Following Bullish Candlestick Pattern

Daily Chart – Created Using FXCM Marketscope 2.0

Drilling down to examine the four hour chart; the Dark Cloud Cover formation may see little-follow through in the session ahead given the proximity to key support at 102.00.

USD/JPY: Bulls May Support Prices At Critical 102.00 Handle

USDJPY-Breaks-102.00-Handle-Following-Bullish-Candlestick-Pattern_body_Picture_1.png, USD/JPY Breaks 102.00 Handle Following Bullish Candlestick Pattern

Four Hour Chart – Created Using FXCM Marketscope 2.0

By David de Ferranti, Market Analyst, FXCM

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *