FX:USDJPY   U.S. Dollar/Japanese Yen
293 4 1
- Fibonacci Retracement at 50%
- Price respect to this level and form nice price action.
- RSI bounce back from level of 30 (over sell).
- Elliot waves harmony showing end of wave 4 and resume the 5th up impulse wave.
- Bullish Divergence .
- Price get support right above the green cloud of Ichimoku .
-Trend is already up & strong and all the above making more confluence.

It is true that on weekly chart we can see some strong evidences of weakness but still bull battle is not over
and some Aces are up out of the sleeves herein :)
Okay , I do not mind close my longs and the profit I gained . General perspective says sharp drop is coming.
I still think this pair is gonna do something abnormal this time by going up and up and up to broke all bears
But Dollar Index does not give me that confidence to trust dollar anymore , see weekly chart and you know.
Reply
Recluse82 nawras.elghorani
yes true, but looking in other aspect yen will strengthen big time, not just usdjpy will fall hard the others too
Reply
Right but do not count so much on divergence , I lost a lot on GBPUSD when it was going up and showing bearish divergence then I short ..price proceed up and up.
All in all I know it is so big possibility the price might finally drop down cause it is at so important & historical line playing support / resistance ....
But what I think is it is not gonna drop before trying 110 again and I like this 4000 pips very very much (my platform uses 5 digits) like tradingview.
Reply
and on monthly chart bearish divergence, this pair is gonna fall like a rocket maybe one more leg up than ciao ciao

Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out