Gathering Yen Tidings!
Mondays "Yen Tidings" provided lavish profits, collecting almost 250 pips! A welcome Christmas present for those of you who embraced the opportunity.
The old adage "the trend is you friend" is still singing a fine hymn that should be heeded and observed.
Below is the daily chart for the USDJPY.
As expected, the Yen took a deserved break yesterday, exposing a slight spinning top by close of play.
Your dynamic analysis should confirm a predictable wave 3 FIB is within reach, upheld by a support and a good zero figure cluster close by.
USDJPY daily chart Advanced Get
The 60 minute chart below shows that price is breaking through a triangle, forcing the dynamic trader to contemplate an entry strategy.
By using an earnest mechanical ESLT , today may present you with further bounties!
USDJPY 60 minute chart Advanced Get