coondawg71
Short

USD/JPY targeting 117.92

FX_IDC:USDJPY   US DOLLAR / YEN
Yen is seeking bullish suppoert by seeking the 117.92 level. This level will help define the price action for next week. Bouncing off this line will be bullish , breaking the level will be bearish . Please refresh chart periodically through the month of January.
price is getting squeeze hard into the symmetrical triangle
snapshot
Reply
coondawg71 PRO jangseohee
It sure is, a lot of energy to be released soon. The blue dashed line above is a Weekly Regression average. The red upward slope is the 2.618 linear regression deviation. A breaking of these lines is the tell. I feel we should see a break of the support and a move toward the vwap price mentioned @ 117.92 and then the support of the 5th deviation will help it resume a bullish movement next week.
+1 Reply
snapshot


Price technically hit, 15 min bar has not closed to indicate truer bias, but price hit none the less. +0.25 %
+1 Reply
Update, price has moved as expected. Hit vwap, hit lower boundary of 117.52, moved back within the band due to over extension. closed the gap between 7.0 deviation and the 5th deviation and has gone right back the the weekly regression level of 118.38. Continued closing above this level should allow bullish behavior on the front end of this week.
Reply
IvanLabrie PRO coondawg71
Weekly bias is bearish imho, right now around a crucial prior congestion zone level.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out