Sunday, August 13, 2017

IS USD JPY DOWN TREND IS OVER ?

The Chart of the dollar yen fell 200 points in the last week, and closed at 109.17 , when we look at the lower tail, we will find support zone that  several candles tried to break it ,Like a candle June 11, 2017 rising Hummer and before that  candle, June 4, 2017 Hanging man candle and candle Week 9 April 2017 had already been closed  inside the support zone, but candle 16 April were rising upward trend started to do with the arrival of the price will decline for the support as repeated three times before



we find also that the  last week candle hit Trend is based on the bottom of the September 25, 2016 at the level of 100.08, bottom 6 November 2016 at the level of 101.18 and  reverse up with  46 points from touching the Trend.

Weekly closure at the level of 109.17 other significance, close above level of  Marabuso line, which represents 50% of the limousine candle-rising body extends to 413 points for week 16 November 2016 and this Marabuso line is located at the level of 108.81



when we turn to the time-frame we find daily reversal model may be only and is AB=CD


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