Yen Century?

Good Day Dynamic Traders,

Gold has today reached the next breather level as noted last night. One to keep a keen eye on for entry with the resuming trend.

Below is the daily and 4 hour chart for the USDJPY. Having done an almost straight run up since the 11th of Feb, price has been stalling for the last few days around the same level. The value index resistance was overcome and price now faces challenges by way of key Fib levels and the big 100 number. The big brother charts are showing strength in the uptrend though its worth going down to the 240 timeframe to see what is in store for the shorter term.














The 240 chart shows that price needs to get through the 123886 hurdle before it can proceed upwards. Therefore a retracement may be witnessed before ESLT can be applied to a BOB for a long entry.














Good Trading!
Bijal Shah

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