one more move down is possible

FX:USDJPY   U.S. Dollar / Japanese Yen
298 17 9
one more move down is possible
Nice analysis mate!
GoodLuckbabe Piet.Hein
thanks Piet
You managed to trap price into a gigantic triangle. That's a good eye ;)
GoodLuckbabe moorekapital
arif_awan arif_awan
it will remain in the middle range for next week, unless some really bad happens to jpy again. Long term is Long now.
GoodLuckbabe arif_awan
Yes arif you are wright it can stay between these ranges for next couple of weeks if we don't see any surprise from nonformpayrol as we know clearly that we are in a bigger corrective structure and when this corrective structure gonna end nobody knows only a clear break will give us signal that correction has end.
arif_awan GoodLuckbabe
its extremely overbought, should at least 50% retrace and then go up.
GoodLuckbabe arif_awan
Yes I think it's not a good idea to chase the running candles only buy when you see correction has ended at least on 50 to 60 percent revarsal then buy I was holding position from 117.800 and hoping for the break up
great analysis, i am expecting the bounce off, its really over bought.
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