USDJPY 03/05/19
- Daily
UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision.
- 4H
Price is still within the range drawn from yesterday. UJ has formed a double top near the top of the channel. We could see a sell off encroaching. I would need to wait and see how tomorrow morning unfolds.
- 1H
UJ is showing signs of the change in trend:
- Bearish TK cross, price inside the cloud, but below the Kijun.
We may want to either leave this one alone, or see if we can catch the opening bid.
UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision.
- 4H
Price is still within the range drawn from yesterday. UJ has formed a double top near the top of the channel. We could see a sell off encroaching. I would need to wait and see how tomorrow morning unfolds.
- 1H
UJ is showing signs of the change in trend:
- Bearish TK cross, price inside the cloud, but below the Kijun.
We may want to either leave this one alone, or see if we can catch the opening bid.
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