So I am thinking if EURUSD and Gold down then Dollar up so all we need is a weak Yen… We don’t have it yet though 111.50 psych is support and a confirmation on M15 would ensure we don’t get in unless it happens…

USDJPY H4

111.50 is a couple pips shy of WM2 and just above WS1 - no doubt price is low... Stoch heading down and MA's bearish though M15 confirmation and it's worth a shot... Note WR1 marks top of range...

USDJPY M15

A higher high, higher low with a long at role reversal? Price is not at the psych yet and could move lower. Keep eyes peeled...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.