Previous Week Update:

  • Before:

USDJPY Update

  • After:

USDJPY Update 1.PNG

Followed D then to B nicely. Hit my zone of 113.200 and resisted it. NFP is this week so tread lightly and watch the high timeframes for guidance on which zones NFP could push price.


Upcoming USD News:

  • Monday
    • ISM Manufacturing PMI
      • Previous: 58.8
      • Forecast: 57.9
  • Wednesday
    • ADP Non-Farm Employment Change
      • Previous: 237K
      • Forecast: 151K
    • ISM Non-Manufacturing PMI
      • Previous: 55.3
      • Forecast: 55.5
    • Crude Oil Inventories
      • Previous: -1.8M
    • Fed Chair Yellen Speaks
  • Thursday
    • Unemployment Claims
      • Previous: 272K
      • Forecast 270K
  • Friday
    • Average Hourly Earnings m/m
      • Previous: 0.1%
      • Forecast: 0.3%
    • Non-Farm Employment Change
      • Previous: 156K
      • Forecast: 88K
    • Unemployment Rate:
      • Previous: 4.4%
      • Forecast: 4.4%

Monthly: Monthly end very bullish. I see possibilities of wick fills on the left. Reaching price around 114. Going to be very interesting, if NFP is good we will 100% fill those wicks.

USDJPY Monthly.PNG

Weekly: Weekly closed with a bullish close. We will have to wait and see if price wants to continue to the 114 price level, which looks like it really does. NFP week going to be very interesting, sometimes we have Monday pushing hard, so keep an eye out!

USDJPY Weekly.PNG

Daily: Price in between 2 price zones for me, whichever way it breaks out I see the next range being filled. I will be looking for price to go higher, but what could be possible is a daily H&S to form, it may also just range but on H4 it looks like we will have a breakout.

USDJPY Daily.PNG

H4: We can see here we are in a way retesting broken higher high resistance to support, and creating a bullish flag, so if we break above the trendline, I see us going to the previous resistance and if that breaks to the next price area of 114.200. Going to be fun!

USDJPY H4.PNG


Overall USDJPY Analysis

It is NFP week, nothing much to say except what price action and market structure. If you understand it you will know what to do. If not then study the charts and read more about price action and market structure to prepare yourself. Everything and anything is possible during NFP week.


Predicted movement:

USDJPY Prediction

Breakout is coming, whichever way it goes you follow that path but always base it on price action and market structure. AND! PLAN YOUR TRADES, you exit strategy to take a loss or take profit. Always plan plan plan, so you can adjust to the situation and not marry your analysis.


In Addition:

Hope you all had a great weekend and had a profitable week. This week if you are unexperienced take a step back and analyse and learn by observing. Taking any trade will make you emotional and not allow you to learn.

Again, this week could not do my weekly webinars as I was busy with 1 on 1s and with some other side things. Hopefully next week I will be able to start them, if not then the week after that. But I may just record them and upload to the respective mentor’s drives if you guys want 😊!

Telegram just search: cyimfx