EurJpy is in a long term uptrend, price has stayed above the 10 ma for over a year. Price is just breaking above key resistance and the Trix (5) is turning back up.RSI is in the overbought area so there could be a short term pull back. What I have shown here is a typical alignment signaling a bottom. We had a Fisher positive divergence with Trix(5) trend line resistance break followed by RSI pivot break, final confirmation was a trend line break and price above the 10 ma and finally price above the 34 ma. Unless there is a drastic change in the monthly frame,dips in lower frames should be bought(long).
Hi , nmike , can you give latest update on this pair?
nmike
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Hello! there was an "extremely" reliable long setup in late 2012 and then a reliable monthly divergence profit signal. Expect more downside if price falls below 34ma and current support
nmike
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on daily frame there were 2 reliable short setups, .....also note that you can use mid point (50) of the RSI as part of the overall analysis
FXKOPPA
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Thanks a lot for sharing the current views , I love your USD/JPY clone analysis. It was Awesome.
nmike
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.....thanks, I'll publish more like that in the future
tradingview.com/v/L7UoveJd/