USDJPY (Daily). Breaking out.

FX:USDJPY   U.S. Dollar / Japanese Yen
494 5 8
Symmetric Triangle (abcde) brake_out.
Elliot Wave potential fifth wave in progress.
Retracement possible.

Daily RSI geometry brake_out potential.
Weekly 9 sma Support.
Weekly RSI bullish .

multiple top at 120.70 on daily TF, resistance hard as rock. when I see it above 120.70 I`ll consider buying deeps. Nikkei printed "evening star" on weekly TF. Even though this look like bullish breakout I am nt sure that it will last.
+1 Reply
rv Nightwish
yes, very good points. A Nikkei chart for your reference, just in case.

just to calrify myself, I am not bearish Nikkei, my targets are upside. This print on weekly is a warning and need confirmation.
+1 Reply
Nightwish Nightwish
rv Nightwish
good point. cool, thanks for the chart.
+1 Reply
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