I am bearish on USD JPY
Seasonality :
The first half of March tends to bullish for the Yen. But the last half is weak.
From early April to early May there is an upward bias.
May typically sees the Yen decline.
The first half of June is often choppy, but has an upward bias by mid-June.
July is a sideways period, but an upward bias typically kicks in by late July or early August.
Early August through to mid-October is an upward period for the Yen.
By mid- to late October the Yen is usually peaking and starting a decline into mid-December.
There has been a slight upward bias in mid-December, but the rally is typically short-lived.
Dow : latest LH made at series of indecision candles after previous HH
Trendline: June to August ascending trendline is intact - but price is showing momentum towards bottom of channel
Harmonics: N/A
Fib: At daily a lower low was made at fib level .618 (below HL prior to HH), then price is finding support at .5 level
At hourly higher low is just made on/above daily trendline at fib level .236
Divergence: Bearish divergence
Bearish Indications:
HH rejected at key level
Stronger momentum on red candles
Bullish indication:
Higher low at hourly
Bias : Bearish
Entry : Below 133
Stoploss : 134
TP1 : 131.5
TP2: 130.5
TP3: 129.5
Seasonality :
The first half of March tends to bullish for the Yen. But the last half is weak.
From early April to early May there is an upward bias.
May typically sees the Yen decline.
The first half of June is often choppy, but has an upward bias by mid-June.
July is a sideways period, but an upward bias typically kicks in by late July or early August.
Early August through to mid-October is an upward period for the Yen.
By mid- to late October the Yen is usually peaking and starting a decline into mid-December.
There has been a slight upward bias in mid-December, but the rally is typically short-lived.
Dow : latest LH made at series of indecision candles after previous HH
Trendline: June to August ascending trendline is intact - but price is showing momentum towards bottom of channel
Harmonics: N/A
Fib: At daily a lower low was made at fib level .618 (below HL prior to HH), then price is finding support at .5 level
At hourly higher low is just made on/above daily trendline at fib level .236
Divergence: Bearish divergence
Bearish Indications:
HH rejected at key level
Stronger momentum on red candles
Bullish indication:
Higher low at hourly
Bias : Bearish
Entry : Below 133
Stoploss : 134
TP1 : 131.5
TP2: 130.5
TP3: 129.5