Yenpairs
USDJPY continues unfolding triangle (part 2)USDJPY (long-term)
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle .
So wave C of (D) is finished. If correct, the market should continue to decrease towards the pattern’s lower side to a wave (E) , in the coming months.
USDJPY continues unfolding triangleUSDJPY (long-term)
$ vs ¥
The market has been moving sideways since a bullish impulse in wave ((A)) finished.
It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
GBPJPY Long SetupLooking for long positions on gbp/yen around 151.02 with stops under 150.25. Price broke out of consolidation on the hourly and after an impulse has followed up with a decent corrective move lower. So buying the dip here with targets towards high back @ 152.00 makes sense in the current situation.
Trend line and trend USDJPYprice is rising high . it has already test upper yellow trend line two times now it is ready to test third time
on brekout of lower yellow trend line and white trend line on rsi will confrim trend reversal
(will dollar contiue to fall like last year ?)
(is this top of trend ?)
AUS/JPY descent through diagonal support, going bearish?Hi. Plotted on the 1D chart is a diagonal support line. It has recently been broken.
On it I've also pointed out the near crossing of the Ichimoku conversion line and base line.
The MACD is also turning away from its signal line in a downward direction and if the trend continues is will also soon pass the top line of the Williams.
In the 4h chart the MACD and WIlliams is not as indicative of a downturn but instead the Ichimoku shows a recent crossing into a red cloud which is indicative.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.