PA has dropped rapidly and bounced off the crucial support clusters. The upper sell clusters are thinning out and the lower buy cluster is gaining strength showing still a major bearish bias. I'm short still targeting the lower large cluster.
We now have a range established with a strong buy order above that would cause PA to spike up and a strong sell stop below that would cause a spike down. Given the minor rising TL break, I'm still biased to the downside for now, but there are targets in both directions.
After yesterday's crazy GBP dump, everything is a mess...I only see two small clusters for support, but not really strong enough to mean anything right now, will wait and let the market smooth out first.
PA is still swinging in-between two strong clusters, will wait for PA to reach one first for best entry point.
It seems all the sell clusters at the top have all disappeared and now we are left with an extremely strong buy cluster at 1.45, bear bear bear.
PA is struggling a little bit, but it seems it was just a re-test of the broken sell cluster, still awaiting further down movement to target.
PA is continuing it's fall after re-testing swig high and now we can also add in a weak falling TL.
After that massive drop, it looks like PA has reached a somewhat stable point and clusters are starting to go back to normal. Today, ahead of NFP it looks like market has cleared up a lot and shows a very strong bear force. All the minor clusters that were popping up are all gone and the key clusters are have left are the 1250 support cluster with a large sell...
PA has continued to drop and hit the 1250 cluster as expected, now that 1250 has been hit, i'm seeing new clusters pop up right below 1250 showing more downward pressure. Expecting price to drop further to 1235 tomorrow.
USDJPY is slowly moving up hitting resistance clusters and we should look for a reversal down soon.
PA triggered our entry point but then bounced up, however, cluster targets are still showing a strong downside.
It looks like PA is making a move to try and trigger one more upper cluster before it should finally drop down to take out the lower cluster.
PA is still moving down toward the lower support cluster. The retracement was shorter than I thought but it should re-test after touching the lower cluster first.
There is currently a small selloff going with large sell orders, but I think that is just a spike, PA is far too oversold and RSI is starting to get divergence, I'm still long.
PA has just bounced around, it closed above the entry line, but did not manage to close past the falling TL so I have no entered yet, but I believe the direction is still up, will wait for PA to come back to test highs again.
PA went down and triggered the large sell stop cluster causing a quick selloff but then PA got stalled by the minor buy cluster right below it. Currently still expecting PA to range for a bit until NFP tomorrow and then go up, but wait for a break of the green entry line.
PA is still just more or less ranging, it keeps bouncing off the fast falling TL but is unable to make new lows. Will continue to wait for PA to hit a large cluster first before trading.
PA is currently stuck between two clusters, we have 2 big buy clusters right above that will shoot price up and a very large sell cluster right below that will cause a sell off to the downside. Wait for breakout confirmation and then trade in the direction of the break.