FX_Trader_Analyst
Long

USDJPY - BULLS TO TAKE CONTROL

FX:USDJPY   U.S. Dollar/Japanese Yen
This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements

Daily
  • Pivot points: Price is below Monthly and Weekly central
    Support/Resistance:price sitting at support,resistance is above at around 114.350
    EMA: Price below 21, 55 EMA 200 bearish
    Trend: Down
    Structure: LL,LH,LL,LH waiting for HL and HH
    Bias: Bullish
    Psychological levels: 112 just below current price
    Stochastic:Rising around 50
    Fib: Price at 618 fib retracement
4H Chart
  • Daily Pivot: Price at DS2
    Support/Resistance: Nearest resistance is 114.5, Prise is sitting at support
    EMA:Price Retested 55 EMA after riding 21. This suggest corrections more towards 200 EMA and that would be 21 EMA on Daily
    Trend: Down
    Structure: LL,LH,LL,LH, this might be HL so HH is expected
    Stoch: Oversold below 20
1H Chart:
  • Suport/Resistance: Price at support and near resistance on 1h is 112.8 - 113
    Stoch: Rising from below 20 oversold levels
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