Daily price is located to be below Ichimoku cloud for the primary bearish market condition: price is ranging within the following key reversal support/resistance levels: 110.66 key support level located far below Ichimoku cloud in the primary bearish area, and114.44 key resistance level located near Ichimoku cloud on the border between the primary bearish and the primary bullish trend. Chinkou Span line is below the price indicating the ranging condition, Trend Strength ...
Daily price was on bearish breakdown since the beginning of February this year: the price broke key support levels on the way to downtrend to be bounced from 110.97 support for the ranging market condition to be started. The price is ranging within the following key support/resistance lines: 115.96 key resistance line located near and below Ichimoku cloud on the border between the secondary bear market rally and the primary bullish market condition, and110.97 ...
W1 price on on breakdown with bearish reversal: the price broke Central Pivot at 120.63 to below for the reversal of the price movement from the primary bullish to the primary bearish market condition. The price broke S1 Pivot at 115.41 to below with S2 Pivot at 110.62 as the next bearish target. ...
Japan's gross domestic product contracted an annualized 1.4 percent on year in the fourth quarter of 2015, the Cabinet Office said in Monday's preliminary reading. more...
USD/JPY W1 "Last week’s reversal materialized from the neckline of that pattern. This week’s follow through has resulted in a test of the 55 week average. The 2015 high was right at the 1990-1998 line (log scale), so a broader topping formation is still possible." The price is ranging around Central Yearly Pivot at 120.63 waiting for the following direction and targets: R1 Pivot level at 125.41 for the bullish scenario, orS1 Pivot level at 115.41 for the bearish ...
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