Pull back to the trend line. Exit trade 166.408.
P (83.71) ; Channel Resistance || Candlestick wick high touched Pivot Point Level and Channel Resistance.
Enter market inside this 34.9 pip range. Target Price = R1 (98.555)
Entry Price 137.936 Take Profit Price 141.10
USDJPY formed a bearish candlestick at horizontal level and channel resistance level. This is a signal to enter a short position.
CADJPY formed a rejection candlestick at horizontal resistance level and channel resistance level. This is a signal to enter a short position.
GBPJPY First Entry is 159.229. Engulfing Pin Bar Candlestick formed at channel support.
CHFJPY Currency Market formed a pennant pattern. Enter short position at channel resistance level.
Enter short position after candlestick wick touches trend line resistance level.
NZDJPY Currency Market formed a parallel channel. Enter short position at channel resistance level.
The Japanese yen was the strongest performing currency this week, rising about 4% against the US dollar, with USD/JPY plunging below 134 to levels not seen since mid-August. Two favourable fundamental developments have fueled the yen's strength: a) Federal Reserve Chair Jerome Powell said that US interest rates might be hiked more slowly starting in December,...