We received a short signal on the USD/JPY yesterday, on the D1 timeframe. This was sent from our Harmonic Pattern EA, which holds a 95% accuracy rate on the USD/JPY.
What Others Are Predicting
FX:USDJPY hot at the same time 2001 MA and resistance at 109 and it retraced strongly. It´s possible a correction to 107 or close to come back again to the 109 resistance and even break it. USDJPY
The technical cross-section:
Trend: 0
A strength of trend: 0
Overbought/oversold: none
The priority area of transactions: selling
Buying in the area of 107,80 with a stop below 107,50 and a profit in the area of 108,50.
Buying in the area of 107,20 with a stop below 106,90 and a profit in the area of 108,10.
Selling in the area of 108,70 with a stop above 109,10 and a profit in the area of 107,90. USDJPY short
My Thoughts!
Price has reached a strong resistance level on the D1 timeframe.
We received a short from our harmonic pattern EA.
Set SL above the previous resistance level of 109.250
