USD/JPY Correction TP1: 110,240 TP2: 107,542
An update of my previous analysis. See the link below.
SPX broke the daily support trend line and now is testing it from the bottom.
Long from 46,67. Price on 100 EMA, possible movement down to 45,50 (200 EMA, also 23,60% Fibo level) SL below 45,50. TP in long term up to 51,50.
Watch the price to retest the major resistance trend line (red) to enter Long positions.
Entry: 1273 or from support trend line TP1: 1281 TP2: 1290
Daily outlook for USD/JPY. After long downtrend the pair turn to sideway trend, with resistence at around 104,2. The next move can be again downtrend with retesting the price 101-100 in long term. After breaking the 104,2, the uptrend should continue
Preparing to enter Long position. Scenario 1: SPX500 is forming inverted Head & Shoulders. All prices are on support trend lines (daily chart) TP: 2160 or further Scenario 2: Price may retest the lower daily support trend line. TP: 2144
SPX500 hold the major trend lines. It seems, that price want to go back to 1250-1260. Possible long.
Possible short with tight SL above 52. TP: 48,10 Be careful with this trade. See 1day chart in the link below.
If price do not break the major resistance line (red) on 1Day chart, there is Short opportunity. If the price break the support trend line (green) then we can look for lower TP. TP1 at least 0,7550 TP2 0,7455
If price do not break the major resistance trend line (red) on 1Day chart, there is Short opportunity between the triangle. If price break the support trend line (green), we can look for lower TP. TP1 0,7550 TP2 0,7455