AT (Amazing Trader) 4 hour chart shows rising red support lines = upward momentum.
Supports at 162.07 and 161.66 keep risk pointed up, stronger if the former holds as support.
Initial target is the recently set 40 year high at 162.84. Expect caution on any approach over the risk of a BoJ intervention ambush although in this environment, any intervention led drop would probably find willing buyers as long as 161.66 holds a support.
Should 1`62.84 be taken out, 163.50 would become the next target
Test Plugin
Add comment