FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             AT SWING HIGH AFTER NUMEROUS ATTEMPT TO CLOSE ABOVE IT BUT FAILED,
CREATING MANY PIN BARS (D1) AND A TRIANGLE CONSOLIDATION PATTERN (H4) AT THE SWING HIGH 121.5.

NOTE:
H4 50 SMA APPROACHING AT 121. PRICE DIRECTION WILL DEPEND ON WHETHER IT IS REJECTED OR CLOSED BELOW THE H4 50SMA.

DO NOT ENTER BUY IF PRICE MANAGES TO CLOSE ABOVE 121.5 ON THE H4 OR EVEN D1. IT IS TOO EXPENSIVE TO BUY INTO USDJPY             CURRENTLY.

HOWEVER, DO NOT ENTER SHORT TOO AS USD IS STRONG ATM AND ANY ATTEMPT TO SHORT THIS PAIR MAY BE SHORT LIVED WITH BUY ORDERS LYING AROUND 120 - 121.

LOOK FOR A BUYING OPPORTUNITY, PREFERABLY 120.5 DEPENDING ON PRICE ACTION H4.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex 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