Unrestricted's Blog

Avatar

USD/JPY - USD DATA Weeker, no rate hike, Support broken

I will continue work on USD/JPY analysis. As You can see on the chart I would like to reinforce downtrend. Last fundamentals convinced me to keep estimation of keeping current trend, As a strong resistance I see EMA 100 on daily chart as shown below. we can reach once to this level before December dropping later and braking support ad ending on 98,99level.
The 2nd chart will represent the pitchwork will create the channel of this pair through november
Thanks
Have a Great Contest
Good Luck to All
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

USD/JPY Long Condolidation period until 1st of November

Hi All. Please see my technical analysis for USD/JPY. In My opinion we are at the longer consolidation period at the strong support level on 99,8xxx level and moving resistance on MA100 .
In my opinion This pair will have problems to brake resistance market on MA100 as on shown graph. The MA 100 line will have downtrend pushing this pair down to support level of 99,8xx what will influence on longer consolidation through next month.
I am Expecting USD/JPY on 100,944 close to current pivot point l…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
Unrestricted avatar

Not sure Why my 2nd chart is not loaded

Unrestricted avatar

Looks like the up reversal was stronger than I expected. However. Now my strategy looks even better. I see double top on 104 level which was not broken and clear sale signal on 5h chart base on rsi which drops from overboght level. Lets push it down ;)

oupour laisser des commentaires