USD/JPY Head and Shoulders on Ninja at Hourly Time Frame 80 pips objective
Valid setup so we're jumping in. We're looking for YEN weakness. Will be updating this trade live.
USDJPY recently broke out of a large structure on the daily and weekly time frame. The current structure formation on the H4 time frame is what I have been waiting for. This is the second wave of this structure which should complete at around the 78% retracement level from the previous high. I then expect to see wave three to the downside where I will then be...
Today strong market movement start to stabilize, then market come back to original trend that is absolutely long for usdjpy The market pressure are high and long and can't wait more.. For the market pressure of all crosses visit my twitter profile
Hello there! After such a menacing drop I changed the labeling. Hope this is final )) Below previous low @ 107.63 I think we will get massive stopouts. But the chart now looks sharp thanks to BOJ. Best wishes!
Reaching strong moving average and support... Expecting a bounce near the 109.361 area.
It's forming a bearish flag to keep falling. Happy trading!
As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about: The US Dollar Index ( USDOLLAR ) may breakout the resistance and go higher Or it may get rejected at the resistance and come back all the way down Considering both...
Last week this major went up a total of 160 pips, gaining ground for a third week in a row and reaching highs not seen since 2002 . On Monday three US data points came out better than expected (including the high impact ism manufacturing pmi) resulting in a 100-pip rally. Tuesday we saw overall dollar weakness while commodities like gold and oil rallied. But the...