DayFarrell

USDJPY SIGNALS FOR THE NEXT TRADING DAY

FX:USDJPY   U.S. Dollar/Japanese Yen
HERE IS A SIMPLE CHART OF WHAT I'M EXPECTING FROM THIS PAIR FOR THE NEXT DAY OR TWO. THE PAIR IS AT IT'S EXTREME TOP, BUT SADLY THERE CAN BE MORE STRETCHING ALL THE WAY UP TO 120 BASED ON HIGHER TIME FRAME ANALYSIS. BUT I'M NOT OVERLY CONCERN ABOUT THIS MOVE SINCE IT IS NOT SHORT TERM. FOR NOW, MY PRIORITY IS FOCUS ON DOWN MOVES. IN OTHER WORDS, ANY +50 PIP MOVES WILL COME FROM THE BEARS, I PREFER TO STICK WITH 2 MOVES UNTIL I GET A CLEARER PICTURE.
I ONLY POST TRADES ON THIS PAIR BECAUSE I REALIZE A GREAT NUMBER OF PERSONS TRADE THIS PAIR. IN MY ESTIMATION, THE REAL MONEY IS IN THE nzdusd             AND audusd             , THEY ARE MORE UNIFORM. I'M ONLY GONNA POST SIGNALS OF NO MORE THAN TWO MOVES BECAUSE THE FUTURE'S PAST IS IMPORTANT TO ANALYZE THE FUTURE'S FUTURE.
I HOPE THIS IS HELPFUL TO YOU, I KNOW MOST TRADERS DON'T LIKE TO BE OVERLY CONCERNED WITH ANALYSIS, BUT FOR ME IT'S THE OPPOSITE, SO I HAVE NO PROBLEM DOING THESE CHARTS. FEEL FREE TO REQUEST A CHART AS YOU FREELY WISH, ANY PAIR, THE CHALLENGE ONLY MAKES ME A BETTER ANALYST.
IF YOU ARE PLANNING TO TRADE THESE SMALL MOVES PLEASE REMEMBER NOT TO AIM FOR EXACT PRICE AS SUGGESTED ON CHARTS, ITS GOOD TO KEEP A +/- 5 PIPS. I'M LOOKING FOR PRICE TO PULL BACK AT 109.55, EVEN IF IT GOES HIGHER, NOT A PROBLEM. THESE SMALL MOVES ARE NOT INTENDED TO BE TRADE IDEAS, JUST A VIEW AT WHERE THE MARKET IS GOING.
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