USDJPY, DAILY ANALYSIS (with length of bearish) Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 12, 2015 10:25 PM

USDJPY is going down for today MAY 13.2015.

Approximate timing for strong bearish: 9 until 13 bars to the right.

EDIT: until 9-13 bars, meaning, bearish until 9-13 hours, COUNTING FROM THE FIRST TIME TREND SHOWN UP.

RESULT: As predicted UJ was DOWN with approximate length of bullish (13 bars - 13h) closer to previous analysis.
See this for an example: twitter.com/SeremoniaFx/status/598548952074493953

Comments

SeremoniaFx

⋅ May 13, 2015 5:27 PM

Since the first time trend shown up, then 12 bars to the right are down trend. The rest has weak momentum or too risky to trade for.