TiltonKy

USDJPY Price action observation.

OANDA:USDJPY   U.S. Dollar / Japanese Yen
2
We expected price action to lift just as or before the Presidential Inauguration that happened last Friday. 115.470 Was a known high for the year; 2016/start of 2017. A lot of hints pointed towards a bearish declination when approaching this price range. Starting the day of Friday 20th 2017- 114.31 As the speech made the market extremely volatile not much change in price action was observed. It seem to have fallen to 112.56 mid week. And rising back by Friday. But only a 1% alteration during the speech. Price action may fall down to the 113.774 field. Double top formation was observed and recorded. We are expecting a reversal in price action, Returning the structure to its high at or above 115.470. This is a observation i am keeping an eye on this pair; For its next move to determine if this market will be ideal for potential profits. These are the details i am observing. Thanks for reading guys/gals.

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