Should Yellen inspire a dollar move, here' some levels to keep an eye on
We're currently sitting in the middle of a couple of interesting levels.
USDJPY H4 chart
Above, the 114.30/50 area looks fairly solid and it's backed up by the 200 H4 ma at 114.43, and the 100 wma at 114.28. Should we head through there towards 115, the 55 dma is at 114.91. Should we get something magical, we could have a look at the strong triple top around 115.35/60, and at 200 pips away, that's going to be round about the stretch point for any hike calls initially. I like the look of this level for a fade trade, depending on the news that got us there.
Down below, through 113.00 we'll have one eye on our old mate at 112.50. Ahead of that is the 55 H4 at 112.80. The 112 big figure is next, followed by the double bottom support at 111.60.
