nikitafx
Long

USD/JPY Situation Chart 2 (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
628 1 7
This is a Situation Chart of the present USD/JPY             .
147.67---124.14 Line & 124.14---105.44 Line are very strong supportive lines.
Since declining from 107.49, it is still above Fanline 3 which means maintaining
being bullish , and First Pink descending line was already breakout.
Between Fanline 2 & 3, it means a sideways consolidation for a while.

I would say that USD/JPY             is going upward, and when it goes above 103.00
(triangle closing ) approx. Sep.19, it should be very bullish
TradZ
6 months ago
Great illustration, thx! Keep up the good work
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