TradingView
ichimokucharts
Jan 23, 2019 4:51 AM

USDJPY - Potential for move to PP resistance at 110.44 

U.S. Dollar/Japanese YenFXCM

Description

* Potential for move to PP resistance at 110.44 if PP mid line support at 109.21 holds
* Fast and medium term trends (price below TS and KS) are up whilst long term is negative (below kumo)
* Last completed candle is in a 1st term time frame down trend and moderately negative with some short term net negative momentum
* Current candle is bouncing off PP support at 109.21
* Watch TS support if PP breached
* Target at R1 PP resistance at 110.443 if buyers close in control at end of current session
More