Hi Guys,
As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here:
We are still in play like what i expect and close to an important moment now.as you see in main chart we are still in bearish wedge and near to testing that triangle as support.This test can show us what will happen in near future.
After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility:
I will update it as soon as i find new sign.
Good Luck
As you remember i had short-term and long-term scenario in my last USDJPY analyse.You can see them here:
After reach triangle price can show several reactions.First one that i really prefer is to not break it and just break the wedge and continue to move along (and above)the triangle(dotted line).But we have a bad bearish sign in MACD that can be dangerous.Second possibility is that price jump again after reach triangle and wedge line and make another swing in wedge.And third one,is a totally short chance.After test of triangle if we break it,we will enter it again and drop to at least 106.This is a logical possibility with that bearish wedge.Look at chart bellow to see all 3 possibility:
Good Luck
Comment:
Look like there is interest in #3 scenario,almost.Wait to see first candle below the triangle.
Comment:
USDJPY moved in favor of #2 scenario till now and first green candle in this way will confirm it.
Comment:
And ready for short.
