Pivot (invalidation): 1.1130 Our preference Short positions below 1.1130 with targets at 1.1100 & 1.1085 in extension. Alternative scenario...
The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 where the hourly is turning up. While a bounce fails below the 12/13/19 highs it can see a pullback correct the cycle from the 9/3/19 lows...
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Pivot (invalidation): 64.50 Our preference Short positions below 64.50 with targets at 62.85 & 62.10 in extension. Alternative scenario...
Pivot (invalidation): 18.4000 Our preference Long positions above 18.4000 with targets at 18.7200 & 18.8500 in extension. Alternative scenario...
Pivot (invalidation): 1579.00 Our preference Long positions above 1579.00 with targets at 1602.50 & 1611.00 in extension. Alternative scenario...
Pivot (invalidation): 3231.00 Our preference Long positions above 3231.00 with targets at 3247.00 & 3258.00 in extension. Alternative scenario...
Pivot (invalidation): 13115.00 Our preference Long positions above 13115.00 with targets at 13280.00 & 13390.00 in extension. Alternative scenario...
Pivot (invalidation): 5.9770 Our preference Short positions below 5.9770 with targets at 5.9550 & 5.9450 in extension. Alternative scenario...
Pivot (invalidation): 0.6885 Our preference Short positions below 0.6885 with targets at 0.6850 & 0.6835 in extension. Alternative scenario...
Pivot (invalidation): 1.3005 Our preference Short positions below 1.3005 with targets at 1.2975 & 1.2955 in extension. Alternative scenario...
Pivot (invalidation): 0.9680 Our preference Long positions above 0.9680 with targets at 0.9710 & 0.9730 in extension. Alternative scenario...
Pivot (invalidation): 108.10 Our preference Long positions above 108.10 with targets at 108.60 & 108.85 in extension. Alternative scenario...
Pivot (invalidation): 1.3105 Our preference Long positions above 1.3105 with targets at 1.3165 & 1.3190 in extension. Alternative scenario...
Pivot (invalidation): 1.1135 Our preference Long positions above 1.1135 with targets at 1.1170 & 1.1185 in extension. Alternative scenario...
Setup 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) This is Why the Forecast notes for a Bullish Move. For conservative traders Long if the breaks the blue upwards. To be continued...
The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 where the hourly is turning up. While a bounce fails below the 12/13/19 highs it can see a pullback correct the cycle from the 9/3/19 lows...
USDJPY faces further price recovery higher as it price extension. On the upside, resistance comes in at 109.00 level. Above this level will turn attention to the 109.50 level. Further out, we expect a possible move towards the 110.00 level...
