USDJPY was selling this past and current week due to a stronger JPY and the Dollar being weaker. Only two options will occur this week. It will reject that trend line ans will continue to be a new HH or it will break that trend line and continue to sell.
Goldman Sach mentioned USDJPY will touch 150.000 line and in six months will reach the 155.000 area.
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From the previous week, USD/JPY did sell as expected due to the top resistance zone within my screen shot. Also the USD red folder news on March 10th (Unemployment Rate) made it to sell tremendously to the support zone and exceeded my expectations. This week, im expecting a buy since we have CPI and PPI reports coming out, causing the USD to be stronger and be in...
Due to Jerome Powells speech today. USD was very strong, causing it to go up. UJ is in a key area where it could sell for the reminder of the week. Thoughts?
Hello Yen Traders! USDJPY has been on a uptrend. For this coming week im expecting a buy since USD has been strong. Also, MACD shows that its coming to a buy this week. Remember to use risk management and to mark up your charts. i wish the best for you and lets be profitable this week.
Due to a brand-new monthly candle, the previous week was a sell and has passed the monthly line (jackpot swing indicator) and it will continue to be an uptrend. If it goes pass that orange uptrend support line, then it's a sell opportunity. Be aware of the key areas that will determine the direction it will be going. Remember that Asian session tends to be slow...
After a week of selling during the downtrend, I will expect EJ to continue to the support line, since the M candle is red. If not, then it will go pass the blue line and continue to buy. I will everyone a good week of trading and remember, risk management. EJ is mostly active during the London session so be aware.
