SPX bullish scenario to 2510-20 winning points so far
September 11, 2017
Προσοχή στα κύματα…..
September 12, 2017

In the 4 hour chart as shown below, USDJPY is now testing important Kumo (cloud) resistance. At current levels price is also at the 61.8% Fibonacci retracement of the decline from 110.66 to 107.31.

Short-term support is found at 109.25-109.05. If this area is broken downward we could see a rejection that could start the next leg down in USDJPY. Daily trend remains bearish as price is below the Daily Kumo and the downward sloping black Trend line as shown below.

Thank you for taking the time to catch up on my thinking…..

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.