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csc2009
Jan 13 2016 at 13:14
834 posts
Usd/Jpy is bouncing off around 118.10 level, still unable to decide the clear direction.

Devhuti
Jan 16 2016 at 17:40
94 posts
Wave analysis and forecast for 15.01 – 22.01: Downtrend continues.

Estimated pivot point is at the level of 118.42.

Our opinion: Sell the pair from correction below the level of 118.42 with the target of 116.00 – 115.00.

Alternative scenario: Breakout and consolidation of the price above the level of 118.42 will enable the pair to continue the rise up to the levels of 121.00 – 122.00.

Analysis: The formation of the wave С of 4 of the senior level continues. Within this wave the impetus is likely to develop. At the moment, the formation of the third wave of the impetus iii of C is likely to finish and within it the decline in the fifth wave (v) is expected . If this assumption is correct, the pair will continue to decline to 116.00 – 115.00. Critical level for this scenario is 118.42.

dianajs
Jan 16 2016 at 17:42
823 posts
I think it will continue dropping until it reaches 115.80.

alexforex007
Jan 18 2016 at 02:51
774 posts
possible double bottom on the USDJPY daily chart, around the 117.00 zone.

TradingWisdoms
Jan 18 2016 at 07:31
1 posts
Good morning I would like to post my USDJPY chart with explanation

I hope you find it useful


Attachments:


alexforex007
Jan 19 2016 at 23:03
774 posts
The 118.00 level continues acting as a good resistance on the USD/JPY, the pair may go back to its bearish trend.

mlawson71
Jan 20 2016 at 11:06
1487 posts
It broke below the support at 116.70, so I too think it will continue falling.

arigoldman (arigoldman)
Jan 21 2016 at 15:01
907 posts
I'm out until it reaches some higher levels.

csc2009
Jan 22 2016 at 13:13
834 posts
Further bullish movement is expected, next target is around 118.50 and follow by 119.00 level.

dianajs
Jan 23 2016 at 10:11
823 posts
Frankly, I wouldn't be surprised if it reaches even 120.00.

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