cmdebord

USDJPY markup for week of 2/10/19

FX:USDJPY   U.S. Dollar / Japanese Yen
Price stayed very confined to the boundaries of the wedge that is forming all week last week hugging the lower trend line most of the time. I am expecting a fake bullish breakout to occur, causing buyers to pile in and price to continue up. Im not confident that price will completely break 110.00 and close above it on the hourly... A more controlled reach into turtle soup area stopping at 110 with a large wick reaching up into lambo zone looks more practical to me. This theory coincides with my previous mark up of DXY being bullish in the beginning of the week before turning to a long term bearish trend Tuesday night or Wednesday at some point.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out