Nov 20 2017 at 20:42
The USDJPY came very close to the 200 day EMA but it did reach the 112.00 level from where it bounces to the upside, now the 55 day EMA at the 112.75 level may act as resistance. The pair may stay boxed between those two levels.
USD/JPY reached a low at 111.88 yesterday and today it is still struggling to break out below that level. I think it will eventually succeed and drop to 111.50 - 111.30.
I work on my system from 2007 ...
test on many instruments from 1970 ... (50)
buy before clean tick data for big money ..
so I think she is right ... always right ...
https://www.youtube.com/playlist?list=PLxbroZDzFXbiI0Oh_YoDs-cF3xv_-AOPq
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SNF-Complex system - build in 2007 \ Tested from 1970.
The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.
idimitrov posted:
The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.
our target is 109-108 !
SNF-Complex system - build in 2007 \ Tested from 1970.
111.90 is proving to be a very strong support level, USD/JPY is testing it for the third time in five days. The target to the downside is clear - 111.50 or even 111.00 but whether it will break out below the support is not.
USD/JPY reached 111.00 as I thought it would. In my opinion it may keep depreciating, with or without intermittent correction, to 109.00 or even to 108.00.
Nov 23 2017 at 17:58
USD/JPY went lower than i expected. But it still looks like a cup pattern.
Positivity
Nov 24 2017 at 01:10
The USDJPY breaks below the 200 day EMA at the 111.74 level to fall very close to the 111.00 level. The pair is currently at the 111.38 level, but it may continue falling, especially when the 55 day EMA has alreday changed direction to the downside, indicating a possible trend change.
