USD/JPY Might Start a Move To The Upside

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The USD/JPY has formed a pinbar at the W L4/D L4 and could start a new upmove correction towards D H4 and eventually D H5.

111.85-95 is the POC. However, as long as the price doesn’t break D H1 it won’t be clear if the correction will continue. Camarilla L1 and H1 levels are the best indicators for a ranging markets. As long as the price is trapped inside we have a range. A clear breakout above and above the D H3 will lead to 112.60 and eventually 112.90. A break below 111.80 and the price will retest 111.66-50 zone.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of