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KevinSinghDhaliwal
Oct 5, 2016 6:13 PM

USDJPY exhausted for now? Short

U.S. Dollar/Japanese YenFXCM

Description

Hello everyone, there are many reasons to believe we will have little down momentum on this pair based on harmonics, elliot and supply and demand (untested).Again ignore the elliot analysis on the chart for now. I have highlighted the targets on the chart.

Good Luck

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Comments
KaQing
I'm with you on that one. This sucker already stopped me out at the (61.8/161.8) ABCD completion :P, at some point it has to go down. Good luck! Btw the demand zone has already been tested once as I see it. But the 88.6/daily resistance confluence gives me a good feeling.
KevinSinghDhaliwal
ahah yes had a bearish pattern yesterday which failed lets see how this one goes. Good luck :)
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