If my EW are right, then we could be in wave 5. i'm not an expert at EW but this is what i see :)
this might keep going up as shown on my previous chart if resistance is broken here :)
5.0 on fib possible if pitchfork broken, otherwise may continue upwards.
see chart i'm thinking break above 92.8 will confirm large move up past previous high
same pattern as shown on weekly chart suggesting more up is possible after pullback :)
notes on chart
good short opportunity to 92.00 if resistance holds
Look to short if support is broken with targets of 100.356 and the 100 area from 618 fib :)
4 hour looks bearish along with other jpy pairs. any reply's with feedback are welcome :)
looking bearish long term after 4 hour candle close
usdjpy looking bearish long term after hitting 50% fib retrace from previous high
I'm newbie at patterns, but this looks like good short entry?
Support needs to hold for 618 completion
Keep eyes on this candle formation through January! Note the RSI and Stoch too :)
no candles showing signs of reversal yet on larger time frames. i will wait for signal on one hour before going long.
Looks like 110.00 area has strong resistance. RSI and Stochastic is also overbought, but still no signs of a trend reversal?
