The significance of 114.000 level for USD/JPY (Daily Chart)
For this analysis anytime I use the word “Significant level” this applies to the 114.00 level.
- September 2003 price broke below.
- April 2004 tapped 105.000 level.
- May 2004 price tapped significant level and end up hitting both 105.000 and 102.000 level.
- December 2004 – January 2005 price became very attracted to 105.000 and 102.000 level.
- May 2005 Price broke out and hit the “Significant level” in October 2005.
- November 2005 Price became acquainted with 118.000.
- January 2006 the “Significant level” came back into play.
- January 2006 – August 2006 price range between the “Significant level and 118.000
- December 2006 price was close to hitting the “Significant level” and closed at 123.000 level June 2007.
- June 2007 price dropped not only dropped down to the “Significant level” it tapped 118.00, all the way down to 105.000 and 102.000 levels. Within an entire year timespan of March 2008.
- August 2008 Price struggle at 110.400 level before once again tanking down. Surpassing 105.000 and 102.000 level October 2008.
- April 2009 price had hopes of tapping 102.000 level before once again dropping, hitting an all time low of 76.260 in November 2011.
- May 2013 major jump from 77.500 area to 102.000 level.
- January 2014 – August 2014 pair ranged before surpassing all levels mentioned. Price had strong bullish momentum between August 2014 and June 2015.
o 105.000
o “Significant level”
o 118.000
o 123.000
- August 2015 price dropped to 118.000 level
- October 2015 gets a little closer to 123.00 level but, cannot make all record highs.
- November – December 2015 price gets a little range going on then drops.
- February 2016 makes attempt to reach 123.000 level and drops to 118.000 level.
- See where I’m going? Hits the “Significant level” February 2016 then gets that whole range thing going on from February – March 2016.
- June 2016 continues hitting record lows again at 105.000 and 102.000 level.
- July – November 2016 price gets rangy again before hitting “Significant level” and 118.000 area.
- December 2016 attraction is at 118.000 level.
- March – December 2017 price is undecided and drops in January 2018.
- March 2018 price goes up only to hit the “Significant level”.
- November 2018 we get a tap down to 105.000 level and major pull back to 112.000 level. Before hitting 105.000 level again.
- February - March 2020 and price pulled back to 112.000 level after two heavy drops. (Makes me think 112.000 is a pandemic level).
- January 2021 price gets close to 102.000 but manages to strengthen. Passed 105.000 and the “significant level”
- January 2022 “Significant level” is tapped. Now as a prediction I see price tapping the 118.000 area within 2022 year.
- September 2003 price broke below.
- April 2004 tapped 105.000 level.
- May 2004 price tapped significant level and end up hitting both 105.000 and 102.000 level.
- December 2004 – January 2005 price became very attracted to 105.000 and 102.000 level.
- May 2005 Price broke out and hit the “Significant level” in October 2005.
- November 2005 Price became acquainted with 118.000.
- January 2006 the “Significant level” came back into play.
- January 2006 – August 2006 price range between the “Significant level and 118.000
- December 2006 price was close to hitting the “Significant level” and closed at 123.000 level June 2007.
- June 2007 price dropped not only dropped down to the “Significant level” it tapped 118.00, all the way down to 105.000 and 102.000 levels. Within an entire year timespan of March 2008.
- August 2008 Price struggle at 110.400 level before once again tanking down. Surpassing 105.000 and 102.000 level October 2008.
- April 2009 price had hopes of tapping 102.000 level before once again dropping, hitting an all time low of 76.260 in November 2011.
- May 2013 major jump from 77.500 area to 102.000 level.
- January 2014 – August 2014 pair ranged before surpassing all levels mentioned. Price had strong bullish momentum between August 2014 and June 2015.
o 105.000
o “Significant level”
o 118.000
o 123.000
- August 2015 price dropped to 118.000 level
- October 2015 gets a little closer to 123.00 level but, cannot make all record highs.
- November – December 2015 price gets a little range going on then drops.
- February 2016 makes attempt to reach 123.000 level and drops to 118.000 level.
- See where I’m going? Hits the “Significant level” February 2016 then gets that whole range thing going on from February – March 2016.
- June 2016 continues hitting record lows again at 105.000 and 102.000 level.
- July – November 2016 price gets rangy again before hitting “Significant level” and 118.000 area.
- December 2016 attraction is at 118.000 level.
- March – December 2017 price is undecided and drops in January 2018.
- March 2018 price goes up only to hit the “Significant level”.
- November 2018 we get a tap down to 105.000 level and major pull back to 112.000 level. Before hitting 105.000 level again.
- February - March 2020 and price pulled back to 112.000 level after two heavy drops. (Makes me think 112.000 is a pandemic level).
- January 2021 price gets close to 102.000 but manages to strengthen. Passed 105.000 and the “significant level”
- January 2022 “Significant level” is tapped. Now as a prediction I see price tapping the 118.000 area within 2022 year.
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