Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
USD/JPY surged more than 1800 pips in Q4 2016 during so-called Trump trade, topping out near the middle of the 2015 range. A correction that followe…