Good afternoon UJ is looking to be on a bearish trend and currently forming. I posted analysis last week pertaining to this pair being a bull run, it started off strong, but the bears seem to be taking control. No worries, all we have to do is adapt and react off the market conditions Here is a quick scalp opportunity to get into if you are currently scanning...
USD will come back to supply zone before moving downwards.
quick short term sell bounce off resistance (previous HH) Break of triangle pattern formed at resistance price is retesting broken pattern Target is .618 retracement of the main trend which is bullish since last HL has not been broken yet. *TRADE AT YOUR OWN DISCRETION* Author not responsible for any losses incurred
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Above 114 USDJPY is bullish once again !!! 114.87 USDJPY 1st support line - even buying option 114.77 USDJPY 2nd support line - even buying option 114.06 USDJPY 3rd support line - even buying option I am excepting a exhaling at the beginning of next week - after this cross-rates run away today :) I excepted an outbreak at weekstart on next trading day -...
USD/JPY short term trend follow strategy. Strong pullback , strong support level , strong trend line, pivot point rejection. 75-80% probability.