Usdjpy Analysis – Another shot at a cypher pattern on the USDJPY
Well earlier today we had a failed cypher pattern on the 1 hour chart for the dollar yen but I said dont stop there because we might get another attempt at one. That other pattern has set up it and has entries at 117.72. One thing you will have to look out for on this one though is the stop placement. As most of you know, the market tends to respect structure. For me my stop will be at one ATR above the X point because thats what I tested and found to be the most profitable but be sure to keep to your own trade plan.
Usdjpy have a possible bearish cypher at d-leg completion
On the 1 hr chart we have a possible bearish cypher at d-leg completion and a chance to short plus we have a even number coming in the area as well 118.00
In Another Point of View – USDJPY PRICE BREAKOUT
We wish that our analysis could be helpful on your trades. Here is an update for USD/JPY, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 117.961 and place your TARGET at 118.361
In Another Point of View – USDJPY back to resistance territory
After the BOJ decided to keep policy on hold, it appears that UJ has gone back up to resistance territory, if it can manage to surpass 118.5 the next target for UJ will be 120.