Forex Weekly Outlook 27/1/2020 to 31/1/2020 Pair : USD/JPY
Weekly - Rising wedge chart pattern with rejection from the major trendline from June'15
Daily - Possibility downtrend until below rising wedge trendline. Then, wait for bounce or break scenario with the potential TP as the same high of the rising wedge
H4 - Graph currently rejecting 0.382 Fibo level. Expecting some retracement before bearish continuation
To do : Waiting for break or bounce scenario at H4 38.2 level area
Gambate!!
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H4 - Graph currently rejecting 0.382 Fibo level. Expecting some retracement before bearish continuation.
27/1/2020 Monday 7am : Price open with huge exhaustion gap.Two entry possibility; 1. Wait for retrace to previous SBR area around 109.200. Can place PO SELL 2. Wait for Monday closure
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28.01.2020 Tuesday 9am : Daily close as doji. PO Sell at 109.200 area