USDJPY in the last days gave us way down a little energy to again reach the level of 103,149
which has become a support price would not break.
Also as we see the chart price broke down also breaking the moving average of 62 periods but when you reach the level of 103,149 the price volume rising which does not suggest that the price goes to the moving average of 800 and likely to reach the resistance at the level of 104,933 that as seen in the graph is likely to form the triangular wave elliot and the price reaches the point E as the goal to follow if the price respects this analysis to go to the best entry would rise when the price reaches the point D elliot wave.
on the other hand if the price also hits the average 800 but bounces downward torque may exceed the aforementioned support so that the ussdjpy reaches levels below the average 200
only in the next few hours we will see if all this she respects and move on step long!
I welcome your comments greetings to all!
which has become a support price would not break.
Also as we see the chart price broke down also breaking the moving average of 62 periods but when you reach the level of 103,149 the price volume rising which does not suggest that the price goes to the moving average of 800 and likely to reach the resistance at the level of 104,933 that as seen in the graph is likely to form the triangular wave elliot and the price reaches the point E as the goal to follow if the price respects this analysis to go to the best entry would rise when the price reaches the point D elliot wave.
on the other hand if the price also hits the average 800 but bounces downward torque may exceed the aforementioned support so that the ussdjpy reaches levels below the average 200
only in the next few hours we will see if all this she respects and move on step long!
I welcome your comments greetings to all!
Comment:
5 min chart
Comment:
the pair in this moment bounce in the support and then go to upside break the resistance i think the price can touch the target .