Firstly, welcome back! Hope everyone is well and had an amazing holiday and New Year’s, as I know I had! This year should be amazing, I have taken new students, will be looking to take more soon so keep the applications coming!
I am planning to add cryptocurrency analysis, as that is what I am investing in and I will only show analysis on everything I put my money into. In addition, I promise this year some time I will be releasing my in-depth PDF 2.0!
Upcoming USD News:
- Wednesday
- Crude Oil Inventories
- Previous: -7.4M
- Crude Oil Inventories
- Thursday
- PPI m/m
- Previous: 0.4%
- Forecast: 0.2%
- PPI m/m
- Friday
- CPI m/m
- Previous: 0.4%
- Forecast: 0.2%
- Core CPI m/m
- Previous: 0.1%:
- Forecast: 0.2%
- Core Retail Sales m/m
- Previous: 1.0%
- Forecast: 0.4%
- Retail Sales m/m
- Previous: 0.8%
- Forecast: 0.5%
- CPI m/m
Monthly: Monthly closed as a doji but above previous broken resistance to support. The possibility of UJ breaking up is very high but it is too early in the month to know if it is going to break up or not.
Weekly: USDJPY as you can see we are consolidation and we will have a breakout, I am seeing more of an upside vs a downside as it looks like we are creating a bullish flag. This week we should break out of the zone (box breakout)
Daily: Here you can see the bullish flag more clearly, we have clear bullish momentum so we have to be patient to see if we break above previous lower high to create a higher high, where this will indicate a bullish move back to 114.200.
H4: We are rejecting 113.200. I see UJ possibility coming down to retest broken resistance then continuing higher as it needs a higher low, but if it doesn’t we can continue lower as it could just confirm we created a lower high and may be looking to break support.
Overall USDJPY Analysis
Gold + USDJPY are moving the same way, 1 is a lying whore, we must wait and see who is lying and see where we will go.
Predicted movement:
Either we will break bullish trendline or continue the trend but we need liquidity before we do so.
