USD/JPY: As long as the market remains below the down Monthly

Tian Kriek

Analyst


November 16, 2018 01:26 AM

BEARISH

Daily Trading Range:
USD/JPY: As long as the market remains below the down Monthly Inner Trend Line the Probability will remain bearish. I am waiting for for the USDOLLAR index to hit the D extension before looking for a sell trade on the USDJPY. I shall also wait for the up red daily counter trend line to be broken before I sell 

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 113.2800
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart