Predictive Analytics of USDJPY

Mar 23, 2019

I'm currently bearish on this pair and believe the current downward bias will continue to the outlined targets. However, if the contrarians find footing and regain former areas of support, a potential upward shift could occur. This pair is building up major potential on the weekly chart and is priming for a significant double pressure situation. Direction to be determined.

Mar 28, 2019

Trade active

Entered short just after midnight. Used signals on the 4H for entry reason, and just moved my stop just above the highs of the resistance level. Will update if I move to break even or if it starts to approach target 1.

Apr 3, 2019

Trade closed: stop reached

Moved SL to BE which it hit