It is some what of a no-brainier but let me make my case.
The USDJPY made a strong move to the upside a Friday off the LiveSquawk Blast (Change To BoJ Lending Facility Could Accompany Any Key Rate Cut). It broke above former 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!). This spark bullish bias although it might be short lived.
Conformation Validity
1. 4HRS support
2. RSI Divergents
3. RSI 50-line retest
4. Stochastic Cross
Risk Events:
08:45 USD Markit Composite PMI - 51.3
08:45 USD Services PMI (Apr) 52.3 51.3
09:00 USD CB Consumer Confidence (Apr) 96.0 96.2
Figure1. 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!)
The USDJPY made a strong move to the upside a Friday off the LiveSquawk Blast (Change To BoJ Lending Facility Could Accompany Any Key Rate Cut). It broke above former 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!). This spark bullish bias although it might be short lived.
Conformation Validity
1. 4HRS support
2. RSI Divergents
3. RSI 50-line retest
4. Stochastic Cross
Risk Events:
08:45 USD Markit Composite PMI - 51.3
08:45 USD Services PMI (Apr) 52.3 51.3
09:00 USD CB Consumer Confidence (Apr) 96.0 96.2
Figure1. 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.