Our Preference: Buy Above 112.00 for the target of 113.90 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdJpy was trading below the major key resistance level of horizontal line, UsdJpy Could’nt able to break 23% Fibonacci retracement levels and UsdJpy was trading above new lower trend line and new key support level was formed near 38% Fibonacci retracement levels, so we can go buy near key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- UsdJpy was trading below the major key resistance level of horizontal line, UsdJpy Could’nt able to break 23% Fibonacci retracement levels and UsdJpy was trading above new lower trend line and new key support level was formed near 38% Fibonacci retracement levels, so we can go buy near key support level and except upto next key resistance level :- which we have shown in attached image
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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