FX:USDJPY   U.S. Dollar / Japanese Yen
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Wherever the market goes we go!

----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Support & Resistance Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Candlestick Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - Bullish or Bearish
----> Candle - Structure - Fib - Bias - Overall

Weekly - Market consolidated throughout the past trading week. It was anticipated to retrace to the downside which didn't occur. We are still awaiting some for of pullback as market candle for week finished as a bearish doji .



Daily - Price action as been in consolidation for a few trading days and it seems to have found strong support on the weekly support zone . With various indecision candles giving little clue, it's likely we'll see some form of market manipulation and volatility . The initial bias seems to remain but that could change depending on what we see in detail on the lower time frames.



4hr - Price as tested the weekly support zone multiple times and it hasn't been broken. The strength of the weekly support might encourage the bulls to open long positions and break the soft 4hr resistance. The bias does seem that UJ will make further gains northwards if at all it can break the 4r resistance. However, we must anticipate some fake breakouts in either direction.



1hr - this follows the 4hr analysis in more detail showing quietness in the market. The bank oliday period is soon to be over and there are heavy fundamental USD announcements to be released from USA this week as well as the BOJ Statements for the Japanese Yen



Buy
Entry: 111.75/111.90
Targets: 113.2/114.0
SL: 111.25

&

Sell
Entry: 114
Targets: 113
SL: 114.5

or

Sell
Entry: 112.1/111.9
Targets: 111.2
SL: 112.6

Comment: Based on the possible entries for the trading week. Due to the YEN fundamental release and the strong correlation to GOLD, the stronger bias for UJ would have been a bias support with short entries around the 112.3/112.1 zone.



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