USD/JPY: The Direction of Highest Probability is Bearish on the

Tian Kriek

Analyst


September 17, 2020 12:10 PM

BEARISH

Daily Trading Range:
USD/JPY: The Direction of Highest Probability is Bearish on the Weekly time frame as price is moving from the C to the D. The Direction of Highest Probability is also Bearish on the Daily chart as there is a Bearish Crown and the right tipwas established. Price is about +200 pips away from the Daily D Extension at 103.94. I am looking for selling opportunities until the D extension at 103.94 is hit. I am refraining from trading the USDJPY due to the fact that the Fibonacci D Extension on the USDOLLAR INDEX was hit (USDOLLAR is due for a retracement) Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-16-sep/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 105.3100
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart
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