Technical Analysis Market Road Maps | HPTZ Methodology FOREX USDJPY CHARTS USDJPY LT Basic Weekly USDJPY LT Weekly USDJPY Weekly USDJPY Daily UPDATE USDJPY Weekly click image for larger view USDJPY Daily The overall structure since about March 2018 could be an ellipse pattern, and this is what we are currently watching. Completing the ellipse […]
WEEKLY VIEW The USDJPY continues within a contracting wedge pattern; the current market nearing the wedges resistance. Since the last highs of the market (Dec 2016) the pattern inside the wedge could be a W or double bottom. The right hand side of the W still has more to go, and could take the market […]
Weekly: USDJPY has been falling from its highs at the beginning of the year. The larger weekly pattern shows a potential contracting wedge, with the market on its way to the lower support of the pattern. Note the fall off from the top pattern resistance has done so in a channel; recent lift having […]
WEEKLY Taking a look at the long term weekly chart: potential channel can be seen to have formed from the last turn in the market. This gives us a potential lift back to the top of the channel. However there are few other technicals along the way that need to be moved through first- namely […]
USDJPY has rolled over and dropped out of a lifting channel; currently at technicals that could provide support. Bouncing here could see a retest of black dashed channel resistance. Breaking down through the black dashed channel and current s/r zone could see further drop to $106.00. chart page