Hi guys, I was asked to analyze USDJPY by my followers a few hours back.
I am going to do a big timeframe analysis.
USDJPY is now resting at 111, a weak support in my opinion.
Even if it bounces next week, I still see it falling in the next few weeks.
The critical level to watch is 108, where it completes a Harmonic bat pattern.
Be patient to be profitable.
Will keep you guys posted in the coming weeks.
EP 108
SL 106.80 (120)
TP 114 (600)
I am going to do a big timeframe analysis.
USDJPY is now resting at 111, a weak support in my opinion.
Even if it bounces next week, I still see it falling in the next few weeks.
The critical level to watch is 108, where it completes a Harmonic bat pattern.
Be patient to be profitable.
Will keep you guys posted in the coming weeks.
EP 108
SL 106.80 (120)
TP 114 (600)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.