USDJPY Day chart formed a double bottom at the beginning of April + Beginning of the Japanese corporation Fiscal year . Is this the start of Yen weaken ?

USDJPY Day ( 5 Apr , 2017 )

USDJPY formed a double bottom at the beginning of April and Bull is looking for monthly Pivot MM2 to MM4 move (110 to 115 )

USDJPY H4 ( 5 Apr , 2017 )

USDJPY now at the weekly pivot WM2 Bull is looking for an buy opportunity WM2 to WM4 move

USDJPY 15 M ( 15Apr , 2017 )

Entry time frame 15M , Bull is looking to buy at higher high then pullback to buy about 110.5 SL 109.5 TP 113

6 thoughts on “USDJPY Trade Plan ( 5 April , 2017 )”

  1. Hendrika says:

    Thank for the trade plan. It make sense.

    1. Daniel Chan - Forex.Today says:

      You are welcome 🙂

  2. Brendon Davis says:

    Thank again for sharing 🙂 .. Looking at the TP you have it’s around the 113.5 area? wondering why? It does line up with a 61.8 fib of the down move from the 10.3.17 the MM4 is up from that as we can all see…. Cheers

  3. Daniel Chan - Forex.Today says:

    Thanks Brendon Tp about WR2 about 113.5 , 113.38=WR2 🙂

  4. Dalmas Ngetich - FOREX.TODAY says:

    Nice..same perception too. A weaker Yen in the coming weeks

    1. Daniel Chan - Forex.Today says:


Leave a Reply

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