Resistances at : 149.350, 149.600, 150.050 and the target at 152.650
Supports at : 148.950, 148.600 and 147.600
Yen is on the losing streak , as you would expect. It is very bullish on both – Daily and Weekly chart. If you have really traded Yen, you know that it can have some crazy drops , just to come back up with the vengeance.
Buying it at the current rate is a bit problematic, as any reasonable and useful stop would be at a minimum 30 pips away . Best scenario would be to see some retracement over night , and to be able to pick it up around the steep trend line at 148.600. But…it is up to you and your style….I said at least three million times in past the famous sentence : FFS, I should have bought it 😀