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Salam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY).
Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside.
Watch the video to understand. ;-)
Tomorrow is NFP and few other high impact data release so please be careful with your trades.
Good luck and...
USDJPY: BEARISH TP: Position to 103 - 300+ Pips #Forex #FxProNow
USDJPY has officially broken its structure to the downside and I see a free fall to 103, and that is just the start...
Potentially $102-$100 or even lower...
USDJPY - BEARISH - Intraday Pullback to $109.8 - 100 Pips #Forex
On the H4 TF from Point A - $113.6 to Point B $106.8
We are now at 61.8% and see resistance. (111.000)
I am looking for that resistance to be held for now and for price to have a small retrace for the H1 TF seen clearly on the H4 TF.
Pulling out my fibs on the H4 TF from the last HL to the HH and...
USDJPY - Up or Down? Nothing Clear yet for Higher TF #Forex
I am still unsure whether this is supposed to be a retracement of the broken structure on the Daily or a continuation of trend...
After this area is broken... Support or Resistance is when I will make my decision and stick with that one through the trend.