Is this time 99 resistance to be broken+
I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish. This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
There's a possible diagonal triangle in wave 5. If we see a pullback from the MA, there'll be an opportunity to have another decline.
The market is going to form a local correction, but bulls will try to deliver wave 5 later on.
So, wave 3 is likely going to be continued
Looking at a further short on USD/JPY. Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen. We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759. Stop at...
Simple technical analysis, with a flag formation on the 4HR chart with a simple breakout and retest i will be looking to enter next week. On the weekly chart there is a void to fill. If we get a solid break of 100, there is downside room to stops shown
There has been massive resistance at 0.0099. Watch for a possible breakout up.
US Dollar vs Japanese Yen's Wednesday morning Comment: Following a higher surge during the Asian session early this morning. With the pair gained nearly 69 pip. The Yen pair continue's to move down in a strong BEARISH trend as it did for past days ( view Daily chart below ). On the other hand. USDJPY is holding well below the long term 200 days simple moving...
Yesterday We noticed so much strength in USD & Euro Seems to be stronger today but dollar don't swear it 'cos JPY is vulnerable
This is what I think wil happen , keep the TP a long way away ,,, I keep it on 108 for the long on 116
UJ seems to not care but continue to drive down south.... I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either. 113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)