7pasos

Definition Time For Yen

FX:USDJPY   U.S. Dollar / Japanese Yen
341 2 4
Daily Technical Analysis
If you remind, after the down side break of the bullish trend line , the price made a gartley that at it's end was the first call for early sellers who wanted to jump in into the possible new bearish trend . Even when the upside push penetrated the recently created down trend line , the formation of a clear push back with a long top shadow and the really good risk reward , made possible the first sale as success, now the price has bounced once again.
The general context may suggest that if this upside pullback fails to break the 103.72 the new return to deeper lows must be granted, but in the other hand the bullish engulfing provocated with the yesterday FEDs announce occurs with out new lows, so in the short term the down side trend after the pullback has not yet been confirmed.
mucho bien! I don't really see all your trendlines but I agree It's bearish
Reply
Agree with the chart.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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