USD/JPY: yen entered a dead area

USD/JPY: yen entered a dead area


SELL 110.55 SL 111.1 TP1 109.55 TP2 109.1 TP3 108.65

BUY 111.5 SL 110.95 TP1 112.2 TP2 112.85 TP3 114.95

On the daily chart, USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD. Bears are trying to hold it within the long-term downtrend channel.


On H1, USD/JPY keeps forming a “Spike and reversal with acceleration”. A break of the trendline of the initial stage will let bears continue the decline.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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