colonelkink
Long

USDJPY caught between many support resistance but I see bullish

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Analysis for swing traders

ColonelKinkSAR™ method of drawing 'shadows' on weekly chart shows USDJPY stuck between too many shadows. This is why the pair is stuck. However line zigzag is printing a cup and handle . My previous analysis was bullish now I am still bullish .

Analysis for day traders

Space is very tight now. If insist to trade follow short term indicators.

ColonelKinkSAR™ method explained here.
Comment: USDJPY still supported but I have a contingent plan in place. If USDJPY falls below shadow from 110.137 to 110.34, I will go short.

Comments

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