GetBusy88

4H Kumo pivotal to this recent uptrend,105.50 is a monster level

FX:USDJPY   U.S. Dollar/Japanese Yen
202 0 1
- Since we broke out of the multi-month triangle consolidation, dip buyers have used this an an opportunity to load up on longs.
- If we close below the Kumo cloud I would consider the uptrend done for now, and look for price to consolidate.
- Also if the Kumo cloud turns (Senkou Span A in blue crossing Senkou Span B in pink) it would contribute to the neutralization of the trend.

- Japan is back from their holidays on Monday so the Japanese Banks will be back in play, could see some volatility (AKA another retest of the highs).
- The 105.50 level is a monster 61.8 Fibo of the move from 124.13 - 75.35.
- Any break+close above 105.50 and you can ride it to the moon.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out