USDJPY pair has gone up to the level where it start in Jan 2016 about 117 level . It took 10 month to strengthened to 100 level and Trump effect weaken it in 2 month. IF YEN strengthened again because of year end and profit taking .we could see a nice south move on YEN pair GBPJPY , EURJPY ……

USDJPY Weekly ( 27 Dec , 2016 )

USDJPY has been trading in the 100 - 125 ranges in the last 3 years as now it is closer to top of the ranges YEN pair will BEAR will look to selling opportunity in the next 2 weeks If it move.

USDJPY Daily ( 27 Dec , 2016 )

Daily slowly drifted down from the peak 15 Dec @ 118

USDJPY H4 ( 27 Dec , 2016 )

BEAR waiting for lower low then rally up to sell

2 thoughts on “USDJPY Trade Plan for 2017 ( 27 Dec , 2016 )”

  1. Kash says:

    Hi Daniel, tx for sharing your interpretation of ‘ninja’ charts @ different timeframes. In your 4th chart you made a comment I have a question about. How specifically would you see a “closing position by a Big Order Trader” in the charts at year end please? Thank you

  2. Daniel Chan - Forex.Today says:

    Thanks Kash , Please look to the left in Daily chart about End of Dec 2015 to Jan 2016 , a lot of Big order trader close their position and Yen was strengthened because changes of order flow. I just hope the same pattern repeat this year . When that happen , Lower low candle formed As a Bear I will look to Sell yen pair like EURJPY or GBPJPY 🙂

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