If USDJPY failed to break 113.40 and starts to retrace, I am watching this level 112.55 to go long.
Price at daily kijun support, either it breaks then next short target would be around 128.97 or bounce off that support. Also be aware of the kumo twist ahead of the lagging span which is a weak spot for further downside.
Price has broke the downtrend line but the lagging span hasn't break it yet. If it closed above, next long target would be around H4 'SSB' 143.26.
Price has broke the kijun. Got in the cloud and lagging span still above candles and its kijun. Bearish signal will be confirmed once the lagging span breaks the big candle (orange circle) and its kijun. If the level 1.2845 doesn't hold, next short target would be around 1.2773.
Price giving a bearish signal but the lagging span is still above the price. As long as the lagging span stays above price and/or above its tenkan/kijun, the bearish signal is still in standby. Look at the orange circles where price gave a bearish signal but the lagging span was still above its price and/or its tenkan/kijun and price went back up. As a reminder:...
Price has trading in a range 109-115 for almost 6 months now. It looks like supply getting more strength day after day at the support zone. Today's USD GDP could lead the direction of the short term trend.
Price retesting a major S/R zone for the fifth time. Today's USD GDP and tomorrow's CAD GDP will play a role in this pivot point. Wait & see.
Price turning around the major S/R Zone (131.36). Let see whether buyers or sellers come in first. If this level holds and buyers come in, the next target would be around 133.54. Otherwise, a pull back to H4 Kijun around 130.20 is a potential short target.
DXY breaking down major S/R zone and making new low. If 91.90 doesn't hold, the monthly kijun will become the next support level around 89.66. With this bearish move, EURUSD will go higher.
Price is making new low and coming closer to the monthly kijun. Lagging span is in the cloud, it could go for its SSB around 6.5363 at the monthly kijun break. Wait and see.
Price has closed the gap, hitting resistance at 1.2082. If this level hold, we could see higher target around 1.2234 which is a major S/R zone on the monthly chart.
Price playing around the uptrend line despite the lagging span is above and has came back down to it. If price closes above, we could expect a higher target around 131 which is a minor S/R zone.
Price hitting resistance. If this level holds, we could expect higher target around 0.7991 first which is a minor S/R zone.
Price breaking the downtrend line (for now) but lagging span still in the cloud and hitting resistance ( SSB -0.30% ). Need LS to confirm breakout of the downtrendline for higher target at 129.9185
Price making higher lows and a fifth top. If holds, next long target would be at 129.46 and 129.65
Symmetrical triangle formation, be patient and see in which direction it will go before entering.