Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.
Price has risen off of the test of the upper median line, and retested warning line 1 on the blue fork as well as hit the warning line 1 on the pink and formed a possible double top formation as well around 2475. Look to see if this area holds as a possible resistance area here.
Price has hit warning line 1 and he has come down to retest the upper median line parallel. We have just made a V formation, so look to see if we wil continue down or hold here. Price has started to make lower lows and showing weakness, so lets see if price will stay under the 2477-2480 area.
Price has dropped and come up to retest the lower blue median line and is showing weakness. Look to see if price will stay below and continue to drop lower. If price does drop lower we could see the 2400 area again soon.
Price has come up to the pink upper median line and has hit resistance and is starting to drop. Look to see if price will continue down on the path of the fork.
Watchlist USDJPY : I am still looking for a price to retry the trendline by showing Bullish Price Action. And I'll look for a risk-ratio the best is to wait for a retest. If the retest then it can go up to the range (112.90) and this is the target swing. Regards
The drop on the GBP JPY was not random, despite being influenced by UK elections. The drop was precisely dropped by a long-term set of channel trend lines and the very sweet and consistent 68.5% retracement
Price came down a bit hit the sliding paralel a bit above 2417 and is trying to go higher again. If we break WL1, look for a possible move to WL2
Price is coming down a bit from the over shoot here. Look to see if price will drop further for another opportunity to find support.
A hidden frequency was found, which led me to draw the new pitchfork pointing upward. If you see, price had stopped exactly on the WL3, ond now is following this path of price upward. Look to see what price does when it hits the next median line.
Price has bounced quickly from the lower median line up to the 2400 area agai to try to retest the resistance here. Look to see what price does at this point, if it will continue on this median line or if it will hold resistance at 2400 area.
Price is near the resistance zone of 2388-2400. Price has come down from 2400 and is trying to hold at 2388 to go higher. Look to see what we do in the next couple days. I need to see price either break 2400 and retest as support, or price break the 2388 and 2375 area to signal a short fade opportunity.
Price has stalled at 2400, and is starting to come down. We have hit a minor sliding parallel, and we will see if price can try to come back up to 2400 to test again. Loo to see if 2388 will be tested and broken as well. Price needs to make up its mind in this area.
Price has come up to the 2400 area after testing 2376 area and holding. Look to see if price can break and retest as support the 2400 area, or if we will retrace from here.
Price has come down to prior mild support near 2379 area, and is now hitting the sliding parallel support as well. Look to see if price will rise a bit then come down to fill the gap. Price is looking drowsy after its big move up, so I would not be surprised to see this happen.
Price has gaped up over the weekend and has hit the median line at 2375. I switched back to the regular down pink fork to see if price would show frequency on the warning line 1. Price should drop here to the sliding parallel, or fill the gap between 2356 and 2343. Look to see if price shows support on the sliding parallel it could give an entry opportunity.
Price has gaped up and is now hold resistance near 2376 area, which is also an energy point. Look to see if price will drop from here and fill the gap near 2357, and then see if it will continue up on the blue median line set or not.
Price has come down and dropped below 2354. Look to see if price can drop below 2300 area, to see if it will collapse and go to the middle dotted line. We are holding at weak support here at 2300.