The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
High probability that we will test 117.00 and maybe 116.500 if this 1h candle close below 117.700!
Do not put money on trades you feel uncertain about. The real trades - the one you feel good about pushing a lot of money in on - may be right around the corner. It may occur on the very next chart, and you want to have plenty of money on your account when it...
The consolidation, which continue almost 6 month ready to end. In previous I have reviewed triangle patterns, but a little bit wrong. Current marking looks more clear and fine. This pair left to do a wave e of wave (e) .
If this count right this pair will have a good rise again, at least at 124.130 - there the leading diagonal has started in 2007. Usually, the...
As you can see price is is just at the bearish trend. if price break, it should go the top at 121-122 area. But if price bounce it should go to the Support at 118.10-118.50 area. if price break this support it should go to the bullish trend and then we can see if price bounce or not to make another trade.
For many reason i didnt put in the chart i believe more...
Since november 2014 price is in a bullish trend and during this period price has made a triangule. In february price started making a head and shoulder, as you can see. Few days ago price has broken the support of the triangule and is getting closer to the support of the H&S. So, if price dont bounce at the support of the H&S go short to the support at $116.07,...
Technicals: on the chart.
See related idea on bullish reasons for USD.
- BOJ will keep eye on updside and downside risks and adjust policy as appropriate
- will continue QE as long as needed to achieve inflation target in stable manner
- Consumer inflation likely to hover around zero pct for time being due to energy price falls
- Japan's economy likely to...
Looking at the pair, it pushed down to a key support level of 89.361. Traders rejected going down below those prices and the bullish momentum built up to take the pair to the resistance level at 92.309 (0.382 fib). Prices then fell to reject the support of 91.177 (0.236 fib) and break the pivot or previous high @ 92.357 to push towards the 93.101 near the 93.223...
Today's close hit the second and higher measured move that I laid out for YCS. Two months ago I posted this chart:
Direct bulls-eye. The question is what comes next?
One possible scenario: I could see price bounce between 82.50 and 78.50 to digest gains and then try for higher levels after a period of consolidation. Alternatively price could overshoot to the...
