USDJPY caught between many support resistance but I see bullish
Updated
Analysis for swing traders
ColonelKinkSAR™ method of drawing 'shadows' on weekly chart shows USDJPY stuck between too many shadows. This is why the pair is stuck. However line zigzag is printing a cup and handle. My previous analysis was bullish now I am still bullish.
Analysis for day traders
Space is very tight now. If insist to trade follow short term indicators.
ColonelKinkSAR™ method explained here.
ColonelKinkSAR™ method of drawing 'shadows' on weekly chart shows USDJPY stuck between too many shadows. This is why the pair is stuck. However line zigzag is printing a cup and handle. My previous analysis was bullish now I am still bullish.
Analysis for day traders
Space is very tight now. If insist to trade follow short term indicators.
ColonelKinkSAR™ method explained here.
Note
USDJPY still supported but I have a contingent plan in place. If USDJPY falls below shadow from 110.137 to 110.34, I will go short.
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