USD/JPY Bullish IF.......

FX:USDJPY1D

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 5, 2016 11:40 PM

Comments on charts.

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Comment

⋅ Mar 7, 2016 5:24 PM

The downtrend is not broken yet.... I would not enter before having a clear blue candle on the daily.

Comment

⋅ Mar 9, 2016 5:39 PM

About to break the downtrend... wait and see until tonight's closing

Trade active

⋅ Mar 9, 2016 9:06 PM

OK guys following what has been discussed previously, I think it can be a good buy setup. Your thoughts ?

Comments

newbie2016

⋅ Mar 9, 2016 9:08 PM

there can be a little pullback since it is now at resistance.. but 4hr chart depicting.. 113.85 and daily closing above 114 will take it straight towards 115.1 and towards 116.5

SwissPips

⋅ Mar 9, 2016 9:18 PM

Thanks for your thoughts, I actually think the same, we should see some nice up action in the days to come

newbie2016

⋅ Mar 9, 2016 10:44 PM

yes.. lets see how deep we get pullback.. usually if uj is really bullish then it will not go below 112.9

check this interesting chart :)

aswam

⋅ Mar 10, 2016 4:36 AM

My take from this weekly chart is that having closed below the thick Kumo cloud PA could find its way downwards if the chikou span can negotiate the flat W-SSB* at 112.4. Otherwise PA could be on sideways between the two flat W-SSB for the rest of the days in March.

newbie2016

⋅ Mar 10, 2016 4:38 AM

uj at trendline resistance and daily resistance.. with close to daily 20 ema.. so big hurdle for uj to crack... break needed 113.85