USDJPY - COT: SLIGHTLY BULLISH SENTIMENT // Interest Rate: -.10% (last change – January, 2016)
W1: New higher high created, new up trend established, Break of monthly DTL
D1: Uptrend broke thru the accumulation and now reacting in the supply zone. This could bring pair lower for corrective move as Dollare index is retesting and bouncing from broken UP TL.
H4: Droping from Supply. It retest with nice topping volume occur in POC than drop to 111.159 possible
Levels to watch:
Supply: 112.754, 113, 112.646
Demand: 112.04, 111.33, 110.964
USDJPY just established new trends up after breaking the couple weeks consolidation. Which has created nice demand zone for further longs to the weekly supply at 113.460. Im personaly in the short trade now which almost hit my SL. Will hold this trade, might it could come to positive numbers. And will be seeking for long opportunities on corrections. Banks added 12K longs this week so price broke that consolidation, but they are adding as wel 11K short which could mean they will keep price lower. It could be for 2 reasons, briing price lower where they close short and add more longs. Or they slowwly heading and prepareing for trend change which could happend higher in the weekly supply zone.
W1: New higher high created, new up trend established, Break of monthly DTL
D1: Uptrend broke thru the accumulation and now reacting in the supply zone. This could bring pair lower for corrective move as Dollare index is retesting and bouncing from broken UP TL.
H4: Droping from Supply. It retest with nice topping volume occur in POC than drop to 111.159 possible
Levels to watch:
Supply: 112.754, 113, 112.646
Demand: 112.04, 111.33, 110.964
USDJPY just established new trends up after breaking the couple weeks consolidation. Which has created nice demand zone for further longs to the weekly supply at 113.460. Im personaly in the short trade now which almost hit my SL. Will hold this trade, might it could come to positive numbers. And will be seeking for long opportunities on corrections. Banks added 12K longs this week so price broke that consolidation, but they are adding as wel 11K short which could mean they will keep price lower. It could be for 2 reasons, briing price lower where they close short and add more longs. Or they slowwly heading and prepareing for trend change which could happend higher in the weekly supply zone.
Comment:
Droped nicely now in daily weekly zone if the daily trend line will be broken it can go lower however still weekly demand is there
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🎯 FX Signals www.fxhunterwealth.com/
🎓 Mentoring www.fxhunterwealth.com/one-to-one-mentorship/
🔵Telegram - t.me/fxhunterwealh