UJ has been in a strong uptrend for a while, as predicted in my previous idea.
The price is currently ranging in a bullish flag and we can expect to break to the upside.
Possible entries would be around the retest of that break.
I remain bearish on this pair and personally i see this spike as prime time to go short, either it was a fake break below last week. or we use the fact that fundamentally usd is in a bad way. jpy fell on oil spiking, i predict oil to revert because lockdown V2 is coming across countries despite pfizer news. im currently in a short term sell on the pair, to retrace...
Looking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm.
Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
Our educational entry for the week!
LEAVE A COMMENT ON YOUR ENTRY AND GAIN. ill be seeing who takes the best entry and % off this!
UJ has been trading tight recently, forming a strange ascending triangular formation with the Eliot Wave impulse's marked up.
We believe the bottom trendline and magic 3rd touch will mark the end of the 4th wave and ready itself for...
Key levels for this week -
- Going into this week looking for bearish continuation
- Any pullbacks towards key level will be used for new entries
Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis...