LupaCapital

USD JPY - incoming 1990, then 1987?

FX:USDJPY   U.S. Dollar / Japanese Yen
G'day,

Master Key for zones
  • Red = Three Month
  • Blue = Monthly
  • Purple = weekly
  • Pink = Consolidative box example (Daily)
  • Orange = Daily

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Below are some of the take aways from the video - please listen again incase any detail is missed.




Monthly
  • simply put, look at 1990 and the gap formed in the fresh supply above at 157.XX - 164.XX (1987). not there is a hidden zone within 1986 which can be a final supply zone.

Weekly
  • The market has made a double top within the weekly supply, we'll await the confirmation on the daily time frame however.
  • The weekly zone has been built up upon a strong resilience zone from the supply zone (note this is a strong supply zone which dates back to 1990/91) , where multiple rejection weeks have occurred and price has been in an accumulation phase since.

Daily
  • High curve created for the daily supply, and now the buyers have created again a high curve, with this time a marked zone where price can pivot to (subject to confirmation), before price can begin its journey back into the supply, after a strong demand zone which can be brought back to.



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