Yen has rallied from its recent lows near the end of 2016. Bearish stance remains intact however allow further rebound into the .236 or .382 fibonacci area. Expecting Yen to continue its rebound as long as its 2017 lows is not broken.
Price is struggling at weekly resistance price has broken below the weekly indecision candle Could see a reversal down to previous weekly support
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
A breakdown of USD/JPY with potential scenarios for both the up and downside. The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested. Good luck!
When we posted the chart below on Friday last week at 15:15, at about same time, all related yen pairs extended upside by a minimum of 40pips. But chfjpy made only 16pips to the upside, before dropping on Sunday open by a massive 120pips. This is mind bugling considering a 40pips moves to the upside was first profit target @114.95.