FX:USDJPY   U.S. Dollar/Japanese Yen
465 6 5
USDJPY             has broken out strongly from a major flag pattern and a smaller pennant on the Daily, forming a new very narrow channel. As this channel is very narrow we expect it to pull back very soon but with an overall bullish continuation after. A break of the orange narrow channel is considered very bearish short-term.
Well done. Thanks.
Reply
how far you think its gonna go up before bounce short into the retrace ?
Reply
ElemontFX SwingFish
@nullx8, Hard to say. If it breaks the narrow orange trend it is expected to drop for a little, so as long as it keeps bouncing off the bottom of that it'll keep rising. If I had to speculate I'd guess a drop roughly where my down arrow begins on the chart (111.4-112). You'd need to see a reversal pattern though and not enter short blindly.
Reply
ElemontFX ElemontFX
could even be 111
Reply
SwingFish PRO ElemontFX
@ElemontFX, i'm still long .. hope the gap not costs too much .. i guess if the gap down is too large we may drop immidealty my personal reversal point is at 111.65 .. but iam not so sure anymore about it .. ;)
Reply
ElemontFX SwingFish
@nullx8, profit is profit nonetheless ;)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out