Looking to go long if it closes aboves the 382 fib on the 4H.
Ichimoku_Trader
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Not sure
I see bears but it is very confusing
Also, uncompleted targets below
Also a final pull down is needed to create a TS / KS cross on monthly
Also, the move up seems corrective
So I'm staying out
Ahmed_bunah2
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I don't see any direction for USDJPY. I will wait. But what do you think Is 107.50 a resistance line, if it will break up, so the direction will be up?
Ichimoku_Trader
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Actually, i think that we now have direction. The problem is that we are probably going to retrace deeply now
H1 is already bullish so expect more upward movement.
As for 107.5, it is just the 23.6% fib that's holding the move up. Probably it will not hold for long
Good luck
Ahmed_bunah2
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Thanks
Ichimoku_Trader
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my pleasure
Ahmed_bunah2
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What do you think GBPJPY long?
High probability to break up;
1-RSI @240 min ; it is divergence (as you said)
2- MACD @ 240 min ; it is divergence and 2 lines crossed
3- Fib 88.6% @ 156.67, which the price bounced up from it.
Ichimoku_Trader
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Please forgive me but I don't trade GBPJPY
but you seem to have done good job. If you like, send me a chart and I'll comment if I see anything different