Previous Week Update:

  • Before:

USDJPY Update.PNG

  • After:

USDJPY Update 1.PNG

Follow path C nicely. Pays off to think about the different ways price can go. Never be biased!


Upcoming USD News:

  • Wednesday
    • Core Durable Goods Orders m/m
      • Previous: 0.5%
      • Forecast: 0.5%
    • Crude Oil Inventories
      • Previous: -5.7M
    • Thursday
      • Unemployment Claims
        • Previous: 222K
        • Forecast: 236K
      • Friday
        • Advance GDP q/q
          • Previous: 3.1%
          • Forecast: 2.7%

 Monthly: We have a monthly close this coming week. We have momentum and what happens when we have momentum? We fill wicks! This on monthly too, more pips!

USDJPY Monthly.PNG

Weekly: Broke trendline and strong break of resistance and we have bullish momentum. Expect the highs to be tested and possibly broken.

USDJPY Weekly.PNG

Daily: We bounce of support and gained liquidity if you look left. We are looking to test the highs 100%. Then I see ranging markets then break up again.

USDJPY Daily.PNG

H4: Here is a closer look at the resistance we broke. I see a retest and continuation higher. UJ is finally creating nice market structure.

USDJPY H4.PNG


Overall USDJPY Analysis

USD is bullish with tax plans getting that one step closer and unemployment being at its lowest since 2001. We should see a nice boost, and if NFP is positive, this will mean we will get a hike in interest rates this year, and we will be all bulls for USD!


Predicted movement:

USDJPY Prediction

Watch market structure, we need retest of broken structure. I see A happening most likely, but stay open minded and you won’t ever be biased!


In Addition:

Follow my Telegram, just search: cyimfx

I have been really busy this past week, but next week I am going to relax on the beach side so I will be working on the PDF 2.0. This will only be available to my students and Forex Family. The first PDF is up for free on my blog.

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