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TahirKhan
Apr 21, 2016 6:17 AM

USDJPY - Finding Resis - Short

U.S. Dollar/Japanese YenFXCM

Description

i.imgur.com/QACdcLX.png
USDJPY 2 hr - Finding Resis - Like it to play this to the lower side; considering we hold to the resistance it is holding for now...

i.imgur.com/EKUroM7.png
UJ 2 hr - Possible Bear Flag view...

i.imgur.com/vSnlr5Z.png
GJ 4 hr -

Break higher on the USDJPY if coming would lead to break higher on the EURJPY & GBPJPY as well.

Break higher on the USDJPY if coming would lead to break higher on the EURJPY & GBPJPY as well.

Comment

USDJPY held on to the resistance briefly before big angrier break and an up-surge.
BOJ indication of intervention as mentioned earlier and the reputation of BOJ unlike the ECB means what they say and are known to back their statements.
Nevertheless a break is a break and this break likely to come closer to 113 handle ( 112.8X sighted )

i.imgur.com/rLJVed5.png
USDJPY 8 hr -

i.imgur.com/ya9IJ6k.png
USDJPY 2 hr - Org chart layout and the break apparent here..
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