USD/JPY change in structure, prepare to sell
July 27, 2017 1:43 amVideo
Latest News
- Technical analysis of GBP/USD for May 26, 2023 May 26, 2023
- Technical analysis of EUR/USD for May 26, 2023 May 26, 2023
- XRP/USD: upside continuation to be activated May 26, 2023
- USD/CAD: 1.3663 key upside obstacle May 26, 2023
- May 26, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 26, 2023
- May 26, 2023 : EUR/USD Intraday technical analysis and trading plan. May 26, 2023
- May 26, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 26, 2023
- Gold: downside scenario takes shape May 26, 2023
- EUR/USD: deeper drop activated as expected May 26, 2023
- Bitcoin insures default risks May 26, 2023
- Trading Signal for EUR/USD for May 26-29, 2023: sell below 1.0742 (21 SMA -0/8 Murray ) May 26, 2023
- EUR/USD: Negotiation track and core PCE index May 26, 2023
- Technical analysis – GBPUSD stays within bearish channel despite quick bounce May 26, 2023
- Technical analysis on USDJPY for May 26th, 2023. May 26, 2023
- Technical analysis on EURUSD for May 26th, 2023. May 26, 2023
- Technical analysis on Ethereum for May 26th, 2023. May 26, 2023
- Ichimoku cloud indicator analysis on Gold for May 26th, 2023. May 26, 2023
- GBP/USD Outlook for May 26, 2023 May 26, 2023
- GBP/USD: overview and near-term outlook May 26, 2023
- Bitcoin succumbs to debt-ceiling jitters – Cryptocurrency News May 26, 2023
We prepare to sell below 111.56 resistance (Fibonacci retracement, horizontal pullback resistance) for a push down to at least 110.29 support (Fibonacci extension, horizontal pullback support, Elliott wave theory).
Stochastic (21,5,3) is reacting nicely off our 93% resistance with good downside potential.
Correlation analysis: We are seeing JPY strength with AUD/JPY, EUR/JPY and USD/JPY expecting drops.
Sell below 111.56. Stop loss is at 112.27. Take profit is at 110.29.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: