A Pressured Yen

Good Morning Dynamic Traders!

The Yen remains on the watch list whilst patiently perceiving a secure entry with the southward trend.

The last published post (x refer BLOG 25 May), highlighted the triple support cluster, which unanimously upheld price, sending it vigorously back to the righteous resistance.

Below is the weekly chart for this pair.

Note the proximity of the mighty 'zero' eager to make a stand, as the wedge formation promotes a wager in either direction.

An absent, but all important ma, signals the strength of this brace, aiding in the well known "confluence of events".

USDJPY weekly chart Advanced Get

The daily chart below offers a birds eye view of the same with the value index preparing to debate its position once again.

Price will presently be required to make a decision on a directive, whilst the tentative fundamentals due tomorrow, may encourage a movement.

Filter your ESLT prudently whilst patiently attending a signal.

USDJPY daily chart Advanced Get

Advanced Trading!

Saba Jackson