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

Tian Kriek

Analyst


July 7, 2020 07:02 AM

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. I am turning to the lower time frames and looking for selling opportunities. Next support is the Daily Fibonacci D extension at 103.94 Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-7-jul/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 107.6900
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart
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