Kishore

USDJPY NEAR SHORT TREND LINE BREAKOUT!!!!!

FX:USDJPY   U.S. Dollar/Japanese Yen
2626 19 56
MARKET ANALYSIS: The pair is trading in a long term buy trend. But now the market has broken a trend line support in the 1 hr             time frame. If the market tends to break the horizontal support a new downtrend may start soon. So lets wait and see what the market does in the coming days. Cheers!
Comment:
snapshot
Since it broke the trend line and it's now making a corrective structure/flag, would that also indicate a drop that is soon to happen?
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Kishore PRO DennisPTran07
@DennisPTran07, Yeah it can breakout in the downtrend too. Possibility's are there since there is a reversal candle that formed in the daily time frame. Need to wait some more to see what happens. Cheers!
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@Kishore, thanks for your input!
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Kishore PRO DennisPTran07
@DennisPTran07, Your welcome!
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The economic calender for this midday is busy with key indecatorson USD, i think it will rush the beigning of the downtrend, if we see negative outcame .
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HOPE THAT.....
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Simple & indicative
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@efazil, Thanks for the compliment! cheers!
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If support break,what level we can expect
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Kishore PRO fxmoneycontrol
@fxmoneycontrol, 107.22 first level of support!
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Is there any chnace after news
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Not sure about breakout, but agree with your possible sell zone. Good luck.
snapshot
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Excellent.. how did you draw these just connected the bottoms?
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Kishore PRO aryahi29
@aryahi29, Yeah just the connected the bottoms. Cheers!
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I see the same trend with GBPJPY breakdown happening
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PleSe post the Usdjpy update pls
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Kishore PRO fxmoneycontrol
@fxmoneycontrol, I have posted it u can check it out. Cheers!
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Looks like Usdjpy got resistance in h4,can u please post update ols
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Waiting for ur view
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