USDJPY caught between many support resistance but I see bullish

Analysis for swing traders

ColonelKinkSAR™ method of drawing 'shadows' on weekly chart shows USDJPY stuck between too many shadows. This is why the pair is stuck. However line zigzag is printing a cup and handle. My previous analysis was bullish now I am still bullish.

Analysis for day traders

Space is very tight now. If insist to trade follow short term indicators.

ColonelKinkSAR™ method explained here.

ความคิดเห็น:

USDJPY still supported but I have a contingent plan in place. If USDJPY falls below shadow from 110.137 to 110.34, I will go short.