GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, VODAFONE GROUP PLC ORD USD0.20 20/21, MX OIL PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
As we are all aware, USDJPY has defied gravity recently, and I am pretty sure a lot of people have been stopped out at various points expecting a reversal.
I am hopeful for a reversal now, however not ruling out a further stretch upwards.
the chart on the right is daily, whereas the left is H4.
On the daily chart see how the price didn't significantly break ...
The hammer candle from Tuesday bounced from recent resistance at 1.11200 indicating that sellers are not strong enough for a break below.
The Bollinger bands have also tightened showing a lack of volatility, which is often seen before a period of strong volatility.
I am holding out for a candle to break above the 1st top bollinger band and close in the upper ...
The Candle prior to the latest bounced from the siginificant psychological support at 100.000, and the most recent candle appears to be forming a Harami. (see basic candlestick set ups).
Moving down to the oscillating indicators, the Yen seems to have reached a state of overextended strength inidicating a likely time for a reversal, while the Dollar and other ...
The candle prior to the most recent has bounced from the significant psychological support zone of 100.000 and the two most recent candles look like the setup up for a Harami.
On top of this Relative Strength (Purple) indicator has changed direction and is heading back in the direction of buyers, yen is also showing over extended strength (see pair strength) ...