FX:USDJPY   U.S. Dollar/Japanese Yen
308 1 4
Price is finding resistance at the Kijun-Sen on this 4 hour time frame at the moment and within the thick Kumo cloud. With the Kijun flat-lining this is an indication that the medium term momentum is weakening although the short term momentum from the Tenkan-Sen is still slightly upwards. If price can not break this resistance of the Kijun expect price to re-test the Kumo bottom @ 100.933. A break of this level we could see some serious downside. Take note that on the daily time frame the pair is very much bullish as price is above the Kumo and has been since 10/17/2012. The short term and medium term momentum on the daily has flattened out represented by the Tenkan and Kijun. Could this pair be looking at some down time after a bullish run since last October? Well trends begin on the lower time frames and on this 4 hour time frame I see weakness in the pair. Have a great trading day and God bless!
Great analysis!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out