USDJPY Market Outlook - 5 Feb 2018
In our last analysis, we have spotted the formation of bullish BAT pattern at the beginning of February. Here we show much shorter market analysis using H1 timeframe. With market open today, USDJPY made a steady drop during the Asian Session. The drop was coincided with the formation of butterfly pattern (H1<H1, Harmonic Pattern Plus). At the moment, USDJPY just touched the padding of the EFW Channel around 109.70. We do expect that USDJPY will depart strong from this level in Europe and US session. Potentially you will look for upper lines of channel as your resistance. The important support can be 109.200 below the current level.
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products
In our last analysis, we have spotted the formation of bullish BAT pattern at the beginning of February. Here we show much shorter market analysis using H1 timeframe. With market open today, USDJPY made a steady drop during the Asian Session. The drop was coincided with the formation of butterfly pattern (H1<H1, Harmonic Pattern Plus). At the moment, USDJPY just touched the padding of the EFW Channel around 109.70. We do expect that USDJPY will depart strong from this level in Europe and US session. Potentially you will look for upper lines of channel as your resistance. The important support can be 109.200 below the current level.
http://algotrading-investment.com
https://www.mql5.com/en/users/financ...eller#products