The Traderszone Network

Published in TZ Latest News 10 August, 2016 by The TZ Newswire Staff

Forex technical trading: USDJPY trying to build a rally?

IF so, want to see the shorter term bullish clues hold up
The USDJPY has moved up about 40 or so pips from the low ot 100.96 over the last few hours. If the pair is trying to build a rally, I would like to see some of the bullish clues be maintained on the shorter term chart.  The price action when combined with risk defining technical levels often don’t lie.