USDJPY - Weekly Market Analysis - August 2018, Week 4 Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Aug 22, 2018 6:13 AM

Overall Trend for USDJPY still is a bullish move, at least on the daily chart it is, on H1 there is a counter-trend trading opportunity.

At Pt D completion, I will be waiting for a double top before considering shorting this pattern as the market is still on a bull run.

Comments

UnknownUnicorn493766

⋅ Aug 23, 2018 9:11 AM

R, well done on your analysis. You picked this one perfectly it seems.

UnknownUnicorn493766

⋅ Aug 22, 2018 6:27 AM

4hr has major level at the 110.650 to 110.750 zone with the 50 EMA combining.
Massive bearish MACD shown on the daily for this move lower.
Arguably turn down now on the 1Hr at resistance last major swing low above..? Your thoughts