jefftan
Long

USDJPY : UPWARD BIAS WITH POSSIBLE 10.17 REWARDS POTENTIAL

FX:USDJPY   U.S. Dollar / Japanese Yen
392 1 2
The purple lines are constructs of the inside median line method with the uppermost line formed from the multi-pivot line( MPL             ) with multiple touches. Essentially price is heading towards the triangular congestion area(depicted in pink). The bias is towards a breakout upwards as it is squeezed into the corner of this triangle.

A break above the MPL             will jettison prices towards U-MLH. Of course a break below the ML will signify a breakdown in the uptrend but that chance of that happening is less than 50%. Still, the market will do what it wants to do and we have to wait and see.
thank u for chart!!
Reply
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