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USDJPY-SELL

NZDJPY Potential Short Signal UpdateTRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 91%, but we will continue to monitor price action and the updates from our algorithm. See the link below for an image of our algorithm's forecast for this pair. i.imgur.com
Short
by UnknownUnicorn261897
2
USDJPY Potential Short SignalUSDJPY has been in a pretty strong down trend since the beginning of 2016, consistently making lower lows and lower highs. Recently, we just broke out of a corrective consolidation zone marked by a grey rectangular box on the char which means that there is a lot of selling pressure pushing price action lower. A break below this current short-term uptrend may bring in a lot of downside momentum that will offer a high probable trading set. If we see a break below this up trend with confluence of a move to the downside from our price action forecasting algorithm with a chance performance prediction of 85% or higher we will initiate a sell position on this pair. Currently our algorithm is forecasting a bit of consolidation with a chance performance prediction of 83%, however this forecast will update every hour on the hour so we will continue to monitor the updates and price action to see if we get the signal to go short. See the link below for an image of our algorithm's most recent forecast. i.imgur.com If you want to receive accurate forex signals like this one check out www.Unique4xPro.com and get one FREE month of our algorithmic signals! Also follow us on all of our social media: Twitter @ Unique4xPro Snapchat @ Unique4xPro Instagram @ Unique4xPro
Short
by UnknownUnicorn261897