Trading near Action Point!

FX:USDJPY   U.S. Dollar / Japanese Yen
554 2 39
After breaking through the illustrated neckline, a double bottom at 99.6 appeared. The countermove is still in tact and we are now trading near the next action point at 100.8 - the neckline and former bo-level. Here a desicion has to be made. From a cyclical view, i would exspect a further downwave as long as we trade below 100.8. Trading below 99.5 will activate the next short signal TP 2 is still 99, than 96.(For more details have a look at my main view)
Anticyclical view. Trading above 100.8 could reach till 102.5

Most of my updates are only up to date for my followers - i mostly update my ideas in the comments, not through another publication - so please follow me if you like to get updated every time! Comments are welcome and very helpful for me - Agree or Disagree.

Supports: 99,6/99.5
resists:101.10/ 101.25-101.44/ 102.2

Last view & comments:

USDJPY             reached the 38.2 fibo retracement of the last downswing (105.6-100.6). Here the rebound stopped. The ultrashorttermtrend turned bearish again. At the moment, we are trading near a possible action point (blue). this level @ 100.6-100.8 is the level to watch! Here a desicion has to be made imo             .

Trading below that level should initiate a further downwave down to the longtermsupport 100 - Here i exspect a temporarily rebound.
The RSI signs a weak bullish signal, so that we can exspect, that a right shoulder can be formed before the "real" dip will come.
Trading above the "shoulder"-level is bullish . The market could decide to aim the maximal correction level fibo 61,8 @ 103.71. The neckline @ 100.85 is also a part of the "action point".

Supports: 100.87 / 100.6
Resists: 102.54 / 103.71 / 105.36

Comment: Very interesting..
Comment: mini flag
for positive news
waiting for action, i think we will move a little up then down
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out