FX:USDJPY   U.S. Dollar / Japanese Yen
1
Just another repost of my previous setup but neatened it up a bit!

Monthly

  • Failed to put in a new higher high currently in line with the previous high from 2007
  • 61.8 Fib from swing high to swing low of the complete monthly move
  • 78.6 Fib from the swing high below that level
  • March finished as a spinning top

Weekly

  • MA's are about to cross on tomorrows close
  • Potential spinning top weekly close

Daily

  • Head & Shoulders Pattern
  • Shooting star potential close
  • 61.8 Fib confirmed from previous high
  • MA's still bearish

4 hour

  • Broken Trendline
  • Closed below major support
  • Evening Star candlestick formation

1 Hour (execution chart)

  • Double Top
  • Price rejected the 120.000 even handle

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.