Previous Week Update:

  • Before:

UJ Update 1

  • After:

UJ Update

  • Followed Path A nicely, then created and double top and sky rocketed with the Interest Rate news.

Upcoming USD News:

  • Wednesday –
    • Crude Oil Inventories
      • Previous: -1.7M
  • Thursday –
    • Unemployment Claims
      • Previous: 237K
      • Forecast: 241K

 

 

Monthly: The month ended with a bearish pin bar formation, and the new candle created a doji with a long wick to the downside. Still neutral and lots of uncertainty. Looks like a monthly bullish flag however.

UJ Monthly

Weekly: Closed with strong bullish candle after a rejection of the similar zone to last week. Bullish pin bar with top wick to fill. But at very interesting zone. Breakout upwards means we will officially be in a bull trend and have broken the bullish flag.

UJ Weekly

Daily: Again strong respect of the weekly trendline resistance. Closed with a doji, which does not mean reversal, but since at a strong zone it could! Very strong Confluence.

UJ Daily

H4: We formed a double bottom, and with Yellen Hawkishness and Rate hikes we broke the neckline. We have seemed to have retested the neckline and all depends of the week goes. Could also be a last kiss of the broken weekly trendline resistance. We wait for price action! Could literally go anywhere!

UJ H4

Overall USDJPY Analysis

Predicted movement:

UJ Prediction

  • Like I said wait for PA. I will wait to see which path it takes and wait for PA. Could go anywhere if you understand my analysis on all timeframes.