SGDJPY possible move towards 88 – My newspaper interview
Shinmin Daily in Singapore (新明日报) interviewed me on Saturday morning 20 Sep 2014. They asked me about SGDJPY and levels that I predict for the pair.
In the article, you can see the levels that I am looking at. Let’s take a look here at how Tflow® views SGDJPY to understand how I arrived at these levels.
Price near to previous year high
1997 high of 88.20 remains sticky as a potential target. Currently price is near to 1998 high.
On daily chart, price has already broke above 2012 and 2013 high
Immediate resistance in low timeframe
It is important for price to show a trigger (as required by Tflow). I am looking at F6 trigger, however, an immediate high resides at 85.80. My only concern is that this retracement pattern is small, so I am generally cautious about this trade.
If you have been following us, and know that we have been very accurate in our analysis, then learn this skill. Own your future by knowing Tflow®. Click here to register for free forex seminar to have a discussion with us.