In the daily chart, we can see that the price has broken the last support zone. So in H1, the pullback is completing we can short that in order to reach to next level as I show.
Hey Traders,
It's London opening while we're looking at US Dollar against Japanese Yen,
giving a potential of bearish outcomes after hours,
let's not dig deep in here as we already know it's been 3 Straight weeks
USDJPY has seen bearish and it's hard to go bullish on it,
Now, we have
1. Fibonacci Grid (VALUEOPEN)
2. Dynamic Resistance
3. Inverted Hammer on H4...
USDJPY about to violate the triangle upward sloping trendline below 109.50
if close below expects 108. very soon
while strong Resistance at cluster of MOVING AVERAGE 200DMA & 50DMA at 111.50
best of luck......
1) Long term trend is up given by the 89 day sma over the 89 week sma.
2) Recent price action has created a great opportunity to trade with the trend!
3) Spike in volume.
4) Fractal momentum has reached a maximum to the negative.
5) Fractal acceleration has turned positive.
One could buy the future contract or short the put option for a more conservative...
