Toru
Long

USDJPY may seek down to 110 level

FX:USDJPY   U.S. Dollar / Japanese Yen
173 2 4
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.

snapshot


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

snapshot


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 PRO 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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