This is another chart based on harmonics on USDJPY H4. This is a Gartley which will completes around 119.70.80 area which indicates, this pair may have a fall / reversal from this PRZ (Price Reversal Zone). As par this chart, we may have a short trade on this pair from 119.70-80 area where we can stop at 121 even. We may let this target open to suit our targeted...
USD/JPY started the last week breaking below a descending triangle, but was not able to extend lower. Instead it continued to consolidate, and surged after the NFP report. In this chat we can see that the market is on the upper Trendline of a triangle which is now in a challenging situation. If this dynamic resistant zone break successfully, it will expose the...
The USDJPY is presenting a short setup as seen in this weekly chart where the RSI and Stochastics are both rolling over from overbought levels. The MACD blue line is also flattening, with the MACD histogram finally falling for the first time this week in its current rally. Equally importantly is how the USDJPY has just been rejected at the ascending wedge...