anilmangal

USDJPY in a daily down trend

FX:USDJPY   U.S. Dollar / Japanese Yen
5604 12 159
The USDJPY             is in a daily corrective down trend on the daily and 240. Looks like one more down move on the 60 is still possible, so selling the breakout is a good idea. Divergence is in play so also possible for a break to the up side. Let's see which way it goes.

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Once it breaks the upper trendline can we go long?
+1 Reply
no, wait for a correction
+2 Reply
Also....if you look at the EMA ribbon for USDJPY

An ugly monster emerges

snapshot

+3 Reply
Current UJ on 1hour TImeFrame, almost look alike GBPAUD 1hour TimeFrame ( 14 April 2016 - 20 April 2016) which make a huge impulse up..

Will UJ same as GA making a huge impulse ?
Reply
I agree.
If this ain't ugly.....I don't know what is....
snapshot

Reply
TP?
Reply
This translates to 'maybe it could go up maybe it could go down'.
+2 Reply
desperately waiting for it to go up
Reply
it is breaking the line right now...
Reply
Thank you for the short term trade set up !
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