WilliamFX

WilliamFX

I think USDJPY will complete the pattern for a buy with at least a 2:1 risk/reward ratio. Possibly more, trade as your own risk.

WilliamFX

I think USDJPY can come up and touch around the 107.000 level, and then have a reverse back down in its bearish trend. Look for entries if you see the reversal form. This is on the HOURLY chart.

WilliamFX

I think we will see it come to our top zone, which is a strong zone, also on a weekly downtrend line on the weekly chart for a sell this week.

WilliamFX

Using chart analysis and fibonnoci levels, as well with pivot points, I think we can see a reverse on the zone labeled and ride down to our next labeled zone.

WilliamFX

We have been in this downtrend channel since the beginning of the new year. If I see a reversal in the channel, in the labelled zones, I will take a sell entry, to the next zone and see if it breaks lower.