USDollar/JaPaneseYen:
• In the first level of a buyers zone (bullish
• Fibonocci levels in 0.382 levels show that this is an area of buyers zone (bullish)
• Greenbacks steadily getting weaker (bearish)
• Closing in on 100 day moving average (neutral)
• Sell off from 4 year highs over since 2022 began(bearish)
○ My Thoughts:
Yesterday we said that "UJ" would move make a move lower with the price. Over the past few days we have seen the price drop by at least 2.000 pips. Looking further out as far as the monthly I have extreme bearish signs coming in. I have buyers areas all the way down to around 113.367 give or take a .100 or so pips.
we would love to say that our last line of defense would be would be 112.750 by that point we would have been out of my position if we had a position and wait for a bullish conformation. Our bullish conformation is maintaining 113.765 we remain bearish below this level. And extremely bearish below 112.750
Overall: Bearish
Today: Neutral Bearish
• In the first level of a buyers zone (bullish
• Fibonocci levels in 0.382 levels show that this is an area of buyers zone (bullish)
• Greenbacks steadily getting weaker (bearish)
• Closing in on 100 day moving average (neutral)
• Sell off from 4 year highs over since 2022 began(bearish)
○ My Thoughts:
Yesterday we said that "UJ" would move make a move lower with the price. Over the past few days we have seen the price drop by at least 2.000 pips. Looking further out as far as the monthly I have extreme bearish signs coming in. I have buyers areas all the way down to around 113.367 give or take a .100 or so pips.
we would love to say that our last line of defense would be would be 112.750 by that point we would have been out of my position if we had a position and wait for a bullish conformation. Our bullish conformation is maintaining 113.765 we remain bearish below this level. And extremely bearish below 112.750
Overall: Bearish
Today: Neutral Bearish
Trade closed manually:
Partial profit taken
