USDJPY: BULLISH ASCENDING 🔺BIAS: BULLISH 🔺
TECHNICAL PROJECTION: BULLISH 🔺
We have a bullish bias that price will rise to 137.
Once there is upside confirmation, bullish momentum is expected to carry to 141 target.
AREAS OF INTEREST:
H4 time frame, break of resistance at 137
H4 time frame, support at 134.225 - attempting to catch the bullish "E" wave
FUNDAMENTAL PROJECTION: JPY WEAK
B.O.J remains on its dovish path as the central bank has:
Kept all policy settings unchanged at their June meeting & stated that rates will stay low for the foreseeable future and won’t hesitate to add stimulus if the economy needs it.
The next central bank meeting will be on 21 July 2022 - which may be forced to change its economic outlook to a more hawkish stance.. but only time will tell!
5wave
EURJPY long term analysis 4H time frameEURJPY is in a very good position now.
The support of wave C and wave 5 in wave C are place on top of each other.
blue support for wave 5 in the wave c and red support for wave C
this is support is very strongly and this pattern is Ideal
EURJPY in futures day is up trend.
The LINK Move We All Been Waiting For!My Fellow Crypto Traders,
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Cheers & Happy Trading!
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ANALYSIS:
After LINK took a heavy dump, it is now primed to make strong positive price action. The 9EMA and the 20EMA are looking to have positive crossovers. Therefore, a good entry would be around $12.32 to $12.56, which is where we could see the 4 wave dip.
AUD is setup for extended 5th waveI say this because wave 3 was short relative to wave one. It is possible to still be in wave 4, but considering how deep it went in one wave I think it will keep extending. If the dollar drops down, aud and NZD will continue uptrend, which is what looks like will happen.
Eur/Usd 5 waveEU is on wave 5, at a major fib. No confirmation for the sell yet. Please note the upper channel line from wave 3, doesn't have to hit that, but can. Notice the big zone that is above it. It measures out to bounce major fib to major fib if it retraced .618 from right here which should be noted. The wave 5 can be completed, confirmation is always price moving in a direction, then correcting back. I think we may just be trading a correction here so it may be a choppy 3 wave move. The daily TDI is overextended but not overbought. 4hr showing divergence. 1hr more so.
USD/AUD Buy SetupUSD/AUD is moving within an uptrend. This Pair has formed a 5 wave corrective Structure to the ascending Trendline. Now I'll wait for a completion of this 5 Wave Corrective Structure and enter my long Position after a breakout to the upside.
Trade safe, Daniel
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