TODAY I HAVE ANALYSED THE USD/JPY - (DOLLAR YEN) PAIR BY USING THE DAILY TIME FRAME.
MY PREDICTIONS IS THAT THIS TREND IS A BEARISH TREND, AS THE MARKET IS GOING DOWN.
PRICE HAS CHANGED A FEW TIMES WITHIN THE MARKET. I HAVE USED SEVERAL SUPPORT AND RESISTANCE LINES, SUCH AS DAILY AND WEEKLY TO INDICATE IF IT WILL BREAK THROUGH, WHICH IT DID.
BY THE NEXT FOLLOWING WEEK, I BELIEVE THAT IT WILL HIT MY TOTAL PROFIT.
LETS HOPE FOR THE BEST FOR NEXT WEEK. :)
MY PREDICTIONS IS THAT THIS TREND IS A BEARISH TREND, AS THE MARKET IS GOING DOWN.
PRICE HAS CHANGED A FEW TIMES WITHIN THE MARKET. I HAVE USED SEVERAL SUPPORT AND RESISTANCE LINES, SUCH AS DAILY AND WEEKLY TO INDICATE IF IT WILL BREAK THROUGH, WHICH IT DID.
BY THE NEXT FOLLOWING WEEK, I BELIEVE THAT IT WILL HIT MY TOTAL PROFIT.
LETS HOPE FOR THE BEST FOR NEXT WEEK. :)