Toru
Long

USDJPY may seek down to 110 level

FX:USDJPY   U.S. Dollar / Japanese Yen
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4
174 2
There are 3 clues that USDJPY pair may break a floor targeting to 110 level.

1. Triangle break
2. Double top formation
3. Divergence.

Yes they are all simple clues however within a forex market with huge number of market participant, simple idea may works better. See what happens.

Here is a link to my video analyzing this;
https://youtu.be/EXdhAtqh0vM
After watching your video I took a look at it myself. Was hoping the daily would have closed through the kumo twist on the 1D to signal a short entry but that was not the case.



Also, looking at the the weekly cloud, there are some interesting things worth mentioning.



Lastly, FOMC meeting is this week with a likelihood of Yellen raising rates, that will surely put most of forex in quite a volatile period I think.
+1 Reply
Toru IAmSatoshi
Surely head and shoulder is currently forming and in completion on top of the double top that I mentioned in the video, that will gives further bearish sentiment to this pair. Thanks for the awsome analytic of yours!!
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