U.S. Dollar / Japanese YenUpdated USD/JPY Weekly Outlook 27/1/2020 to 31/1/2020
Forex Weekly Outlook 27/1/2020 to 31/1/2020
Pair : USD/JPY
Weekly - Rising wedge chart pattern
with rejection from the major trendline
from June'15
Daily - Possibility downtrend until below
rising wedge trendline.
Then, wait for bounce or break scenario
with the potential TP
as the same high of the rising wedge
H4 - Graph currently rejecting 0.382 Fibo level.
Expecting some retracement before bearish continuation
To do : Waiting for break or bounce scenario at H4 38.2 level area
Gambate!!
Pair : USD/JPY
Weekly - Rising wedge chart pattern
with rejection from the major trendline
from June'15
Daily - Possibility downtrend until below
rising wedge trendline.
Then, wait for bounce or break scenario
with the potential TP
as the same high of the rising wedge
H4 - Graph currently rejecting 0.382 Fibo level.
Expecting some retracement before bearish continuation
To do : Waiting for break or bounce scenario at H4 38.2 level area
Gambate!!
Note
H4 - Graph currently rejecting 0.382 Fibo level.Expecting some retracement before bearish continuation.
27/1/2020 Monday 7am : Price open with huge exhaustion gap.Two entry possibility;
1. Wait for retrace to previous SBR area around 109.200. Can place PO SELL
2. Wait for Monday closure
Note
28.01.2020 Tuesday 9am : Daily close as doji.PO Sell at 109.200 area
tradingview.com/chart/ki5cHdov/
Trade closed manually
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