USD/JPY: The Weekly Probability is Bullish as price is retracing

Tian Kriek

Analyst


April 29, 2021 05:09 AM

BEARISH

Daily Trading Range:
USD/JPY: The Weekly Probability is Bullish as price is retracing inside the Down AB Boundary. There is an UP AB Boundary on the Daily chart and the B-High was breached suggesting that price is moving Bullish to the Fib 1.27 extension at 110.53. The Fib 1.27 extension was hit, suggesting that price is overbought Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-29-apr/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 108.0900
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart
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