[USDJPY] HARMONIC STRUTTURE IN PLAY

Hello Traders!!
In the last two weeks, we talked more about usdjpy, and we were able take long position, last week.
Many Traders do not know that usdjpy "is not a simple pair" as all others, it's the driver, an indicator of US equity market, although sometimes, it is difficult to understand and to see. With this in mind, the key question will be: What is your view about SP500?
That said, this week we have to understand, if usdjpy is really bearish, or whether it will see new high and uptrend continuation.
Our monthly analysis helped us in the last few months, we will continue to follow it.

Our last BEARISH SETUP PLAN:

BULLISH SENTIMENT PLAN:

We would like to follow this pair during this week, and it might be interesting to try to develop the technical analysis on multi-charts, what do you think?

Let's go...

STEP 1: The start (monthly chart).

7 months ago, we found "Right Shoulder" potential "Head and Shoulders" (bullish), and it is very difficult to find the "Reverse Area" in Trading, but we tried it and we were lucky. Technically, now we have a good support and a potential bullish pattern here, right?

(Click and Play)

In the next post analysis (STEP 2), we will see the next sequence reversal area.



Our Last SP500 Setup:

Thank you for your support and trade with care!

Comment:

It will be a fantastic week for the U.S. dollar with ISM reports, minutes from the most recent FOMC meeting and nonfarm payrolls scheduled for release! ...don't forget!!
Have you a geat week!! ;)

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