Japanese Yen, is it now to correct the bull move?All major pairs beat Japanese Yen for weeks, very strong bull move. Not to mention the USD. NOW, with an exception of USDJPY, is it now to do the correction. This week signals for the correction, 4H swing low have been taken (EURJPY, CADJPY, AUDJPY) and need confirmation next week, when bull re-testing this week high. The moment of truth :)
If bull fails, this would be interesting. Embrace the mighty bear's move. It is very likely the bearish move would mirror the bull move, STRONG AND LONG bars.
Jpypips
USDJPY FULL ANALYSISUSDJPY FULL ANALYSIS
Yesterday's bearish breakout of a 108.6 is a very important clue to consider!
The market has perfectly retested the broken structure and showed a clear bearish reaction to that.
Based on that we can expect further bearish continuation to lower levels of structure.
For targets aim at 107.8 / 107.2
Good luck!
USDJPY Breaking above 109.50The 109.50 is a major level for USDJPY and price is currently breaking out of this zone. 190.50 has been a major level of resistance dating back to june of this year.
Observe the daily timeframe on the pair, the previous 2 candlesticks mark indecision, so now there is a place for the market to make it's move. Given sustained momentum past even 110.00 I would like to see the pair move up to 112.00 hopefully by the end of the year.
SL is around 109.30 with take profit open, eyeing at 112.00 in the long run.
Up up for USDJPY
It's a little bit late for entry, but incase price return back, try to enter.
Fibonacci cycle for previous one already fulfil its requirement.
Awesome Oscillator divergence already signal of reversal.
Optimum Take Profit is 2. IF ! break TP 2, it will go TP 3, which I'm confidence it will.
Best of luck. Happy greenpips.
fueledbydoodle