USD/JPY is in a major cycle after having southward rally preparing for northward drive. Bullish crab M shaped harmonic form.
USD/JPY is in a major cycle after having southward rally preparing for northward drive. Bullish crab M shaped harmonic form. Price is still in PRZ-Prize Reversal Zone. Go long when bullish candle form beyond PRZ (112.713).
Planetary harmonic study reveals that the effect of Pluto Moon aspect has been started to reduce and price getting in consolidation for upward ride.
Skewed double bottom formation creates new higher low, a clear sign of USDJPY losing power over time.
Daily cycle study revealed that on Wednesday, USD/JPY remained under bearish cycle. On Thursday, this effect seems to reduced and market remained within the range. On Friday, it seems to struggle among buyers and sellers. Buyers try to take control but seller eventually become stronger. Now it seems that the sellers would lose control and buyers would get in power in the upcoming weeks.
Channel study reveals that USD/JPY is in a major bullish channel to end correction move and at critical running support, having high chances of bullish reversal.
Gann square of 144 study reveals that price has done a good bearish move. At 180 Degree Equilibrium level price it has a great effort and eventually break down towards 45 degree move. Now at 125 degree equilibrium, this level seems to be effective and trying to make price to get in to a bullish zone.
Gann natural level study reveals that price has a very sharp swing rejection at 111.890 level forming a bullish swing. It remains in operation upto a critical level of GANN 270 degree and form a bearish swing till 180 Degree. We see a buy opportunity when price breaks above 112.950 45 Degree Gann level upward.
GANN Pivot. 112.950
Resistance: 113.482, 114.016, 114.550