YEN Pairs Bullish across the boards after Friday Federal reserve Chairman Yellen speech. The Trade Plan are explain on each chart separately.
YEN pair 4H ( 30 Aug, 2016)
Yen Pair is mostly started at weekly WM3 waiting for Bear to SELL
USDJPY 4 H ( 30 Aug ,2016 )
USDJPY is retracement stage . Bull will look for pullback to 4H 21 then look for long around 101.50 SL 101 TP 103.
EURJPY Day ( 30 Aug , 2016 )
Looking at Daily It was down trend now Ranges this month between 115 to 111 Wait till it break up or down
EURJPY 4H (30 Aug , 2016 )
If this pair can rally up to form lower high Bear will look to SELL around 114.5 SL 115.2 TP 112.5
GBPJPY Daily ( 30 Aug , 2016 )
GBPJPY is on the down trend channel , Stochastics is in over bought area . Daily 21 Hold as resistance . look at 4H for potential Sell for BEAR
GBPJPY 4H ( 30 Aug , 2016 )
Plan A let it rally up to 134.50 area look for double top or lower high to SELL SL 135.50 TP 130 . Plan B if it continue go down and formed a lower low 4H wait for rally up to SELL 133 area SL 134 TP 129.
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About The Forex Analyst
Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.