finitemonk

USDJPY - RESISTANCE & SUPPORT

FX:USDJPY   U.S. Dollar / Japanese Yen
65 0 0
The pair has found strong resistance at the 0.764 retracement level.
It is sort of in a quandry. It keeps sinking below the top edge of the
main downward pitchfork , but just above/ finding support (for now)
of the median line of a very effective & reasonable upward modified Schiff fork.
Many traders I think are expecting the pair to continue to rise.
If you take into account moon phases (really! - try adding them!)
it has probably reached a high point just after new moon , 8.14am (7.14 am UTC) this morning.
My suspicion, what I'm looking out for, is a collapse of the Nikkei tonight.
On the 15 minute chart it has both formed a double top , and in the process
of attempting to negotiate a head & shoulders form (if you draw lines at the right angle -
low left high right) supporting the idea it is in fact reluctantly going to drop here on.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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