USDJPY Trend outlook remains bearish
Hi FPC followers,
Here's my sentiment for the following pair.
D and 4H Charts show a pullback to lower highs while 1H and 15M are showing a bullish trend. From the evidence gathered, this pairing is still rather bearish.
15M chart shows high activities of accumulation above the whole number 106.00 twice (Yellow area) and is it is currently still consolidating above the whole number zone (Blue area). As of this posting, the price is dumped below the whole number, another potential stop hunt back around 106.00 - 106.500 is likely before another bearish run for the week ahead.
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Here's my sentiment for the following pair.
D and 4H Charts show a pullback to lower highs while 1H and 15M are showing a bullish trend. From the evidence gathered, this pairing is still rather bearish.
15M chart shows high activities of accumulation above the whole number 106.00 twice (Yellow area) and is it is currently still consolidating above the whole number zone (Blue area). As of this posting, the price is dumped below the whole number, another potential stop hunt back around 106.00 - 106.500 is likely before another bearish run for the week ahead.
Trade safe
ForexPipCheats
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Disclaimer:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
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