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    USD/JPY: new "Window" formed

    USD/JPY: new "Window" formed

    There’s a correction inside the main bearish trend. Also, we’ve got a new “Window” and a “Harami” at the local high. If this pattern confirms, there’ll be an opportunity to see a local decline towards the lower side of today’s “Window”. As we can see on the Daily chart, there’s a bullish “Harami”, so right after a local decline bulls are likely going to deliver an upward correction.

    USD/JPY: new "Window" formed

    We’ve got an “Engulfing” at the local high, which has been confirmed enough. So, the price is likely going to close the last “Window” during the day.

  2. Forexmart
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    USD/JPY US / JAP
    The USD/JPY pair failed to regain the upside, trimming most of its early gains during the US afternoon. The Japanese yen opened lower, undermined by comments from BOJ's Governor Kuroda, who said that the Central Bank won't hesitate to cut rates further into negative territory. Nevertheless, the market is uncertain over the possibility of a September cut, and even do, of the effects that such measure may have over the economy or the yen. The pair advanced intraday up to 100.93, but quickly reversed course, to settle a handful of pips above the 100.00 level, and at risk of a bearish breakout. Short term, the 1 hour chart shows that the pair was rejected by selling interest around a bearish 200 SMA, while is now hovering around a horizontal 100 SMA, and while the technical indicators hold within bearish territory, with no clear directional strength. In the 4 hours chart, the price remains well below its moving averages, with the 100 SMA now around 101.25, and indicators bouncing modestly from their mid-lines, but lacking strength, leaving the pair mostly neutral.

    Support levels: 100.20 99.90 99.55

    Resistance levels: 100.65 100.95 101.30

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    but quickly reversed course, to settle a handful of pips above the 100.00 level, and at risk of a bearish breakout. Short term, the 1 hour chart shows that the pair was rejected by selling interest around a bearish 200 SMA, while is now hovering around a horizontal 100 SMA, and while the technical indicators hold within bearish territory, with no clear directional strength. In the 4 hours chart, the price remains well below its moving averages, with the 100 SMA now around 101.25, and indicators bouncing modestly from their mid-lines, but lacking strength, leaving the pair mostly neutral.

    ---------- Post added at 11:42 AM ---------- Previous post was at 11:40 AM ----------

    we’ve got a new “Window” and a “Harami” at the local high. If this pattern confirms, there’ll be an opportunity to see a local decline towards the lower side of today’s “Window”. As we can see on the Daily chart, there’s a bullish “Harami”, so right after a local decline bulls are likely going to deliver an upward correction.

    USD/JPY: new "Window" formed

    We’ve got an “Engulfing” at the local high, which has been confirmed enough. So, the price is likely going to close the last “Window” during the day.

  5. Forexmart
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    USD/JPY: new "Window" formed

    There’s a correction inside the main bearish trend. Also, we’ve got a new “Window” and a “Harami” at the local high. If this pattern confirms, there’ll be an opportunity to see a local decline towards the lower side of today’s “Window”. As we can see on the Daily chart, there’s a bullish “Harami”, so right after a local decline bulls are likely going to deliver an upward correction.

    USD/JPY: new "Window" formed

    We’ve got an “Engulfing” at the local high, which has been confirmed enough. So, the price is likely going to close the last “Window” during the day. thanks very much

    ---------- Post added at 03:30 AM ---------- Previous post was at 03:27 AM ----------

    USD/JPY: new "Window" formed

    There’s a correction inside the main bearish trend. Also, we’ve got a new “Window” and a “Harami” at the local high. If this pattern confirms, there’ll be an opportunity to see a local decline towards the lower side of today’s “Window”. As we can see on the Daily chart, there’s a bullish “Harami”, so right after a local decline bulls are likely going to deliver an upward correction.

    USD/JPY: new "Window" formed

    We’ve got an “Engulfing” at the local high, which has been confirmed enough. So, the price is likely going to close the last “Window” during the day. thanks very much

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