Daily Analysis on 18th July 2008
USD/JPY
Analysis
Based on 4H chart, this pair is in very strong bullish. But we have to wait it break 38.2 fibonaci line at 106.35. If it can break this line it'll go up to 108.50.
Based on this chart, it'll go up to 109.41 as 61.8 fibonaci line.
Forecast
Day Trader : up after break 106.35
Swing Trader : Up after break 107.65
Recommendation
Day Trader : Wait
Swing Trader : Wait
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