Since this week will close below R1 - the next possible target is at S1 1.0400 according to the camarilla pivots + Combo with weak EU data and Strong US market DATA
USDJPY is for the year 2017 in an outside relationship with moderately wide pivots this concludes that price is going to bounce up and down from R1 R2 and S1 S2 for the duration of the year. Two Month Camarilla Pivot relationship is overlapping lower relationship which concludes that price will at least go to S3 which is 110.900. Bounce from S3 or 110.900 to the...
Gap UP with targets at .108400 then a pullback to 1.06500 During the European Session.
Divergence on the oscillators + Two Months Higher value relationship on the camarilla pivots which means that any pullback to S3 should be a buy. Combined with weak US fundamentals and uncertainty.
short positions below 1.0405 with targets at 1.0370 & 1.0350 in extension. Alternative scenario: above 1.0405 look for further upside with 1.0430 & 1.0445 as targets. Comment: the RSI advocates for further dec
long positions above 1.0430 with targets at 1.0460 & 1.0470 in extension. Alternative scenario: below 1.0430 look for further downside with 1.0415 & 1.0400 as targets. the RSI lacks downward momentum. Dont be fooled to take any short positions at least not before the end of the year. Wait to take a better position to jump on the short side. Targets like...
long positions above 1.0430 with targets at 1.0460 & 1.0480 in extension. Alternative scenario: below 1.0430 look for further downside with 1.0415 & 1.0400 as targets. Comment: the RSI is mixed to bullish.
Buy limit at S1-pivot 1.04250 with targets at 1.04600 and 800. Stop loss at S-3 pivot !!
Short a R1-1.04800 , SL at R3 with targets at S3 !! Basic premise of the camarilla pivots during down trend when we have overlapping pivots is to short any pullbacks to R1.
This is an important point, so let me reiterate—What helps indicate the strength of a trend when you use two or more sets of values for your moving averages are: • The slopes of the moving averages are both pointing in the direction of the trend. • The moving averages have a good degree of separation or are equidistant from each other, which indicates a steady...