Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential trade for at-least 6400 Pips!
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long).
If you follow this trade properly , this single trade will be enough for a year :)
I have also...
here is my take on this pair on 3 different time frames :
Monthly :
We hit a major trend line dating back to 2002. Considering this pair has been a bull since 2012. what we see here is basically a pull back that took place from 1/7/15 till today. if by any chance we break the trend line, then this pair shall be officially bearish and may go back to 2012 low''s....
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
It is some what of a no-brainier but let me make my case.
The USDJPY made a strong move to the upside a Friday off the LiveSquawk Blast (Change To BoJ Lending Facility Could Accompany Any Key Rate Cut). It broke above former 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!). This spark bullish bias although it might be short lived.
Conformation...
USD/JPY
113.78
Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone
short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below
Support Resistance
Level...
USD/JPY
Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern
Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60
As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60
Mid-Run: ...
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
