Trade out of the channel
Target SELL to median line If break median hold until lower line
Moving on downtrend channel Target price continue to decline toward lower line
Long-term view is still bearish Trading ranging for several weeks Probability price could continue to decline
Based on the pitchfork analysis, the price has hit on the upper line Probability could decline and move towards median and moving on uptrend channel
Expecting reversal on lower line
Expecting reversal on lower line
Momentum valid 12H RE-Entry SELL at MA5 High
Momentum valid on 6H RE-Entry at MA5 High
Target median line / lower line
USDJPY on uptrend channel
Bearish momentum is still strong, expecting price move on descending channel
Opening market is positive this week Current level at 95.14 after the announcement of trade tariffs between the US - China The expected momentum of strong gains and the US Dollar is still dominating other world currencies
Strong momentum downwards, Important support at 1.1500 Analysis also shows on the bearish channel, the expected movement towards lower line.
Psychological level at 1.30000 Price break below median line able to bring down to lower line at 1.28000
RE-Entry SELL Momentum Downtrend
RE-Entry SELL on MA5 High Momentum Strong Downtrend