USDJPY Top Down Analysis Week 4 / 24' đź‘»
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USDJPY dropped dramatically in December.
Intro 0:0
Monthly timeframe 0:30
Weekly 5;14
Daily timeframe 6:02
4hr timeframe 7;52
1hr timeframe 10:16
As we near the end of January, UJ has seen an increase. Its' been quite generous. However we must be cautious as UJ looks a bit over-extended. Fridays daily candle suggested profit taking as it closed a shooting star candle. If we combine this with the increase of 600 pips across the last 3 weeks, we can observe why maybe we should be cautious. Then again, yen pairs move wild so expect the unexpected.
Intro 0:0
Monthly timeframe 0:30
Weekly 5;14
Daily timeframe 6:02
4hr timeframe 7;52
1hr timeframe 10:16
As we near the end of January, UJ has seen an increase. Its' been quite generous. However we must be cautious as UJ looks a bit over-extended. Fridays daily candle suggested profit taking as it closed a shooting star candle. If we combine this with the increase of 600 pips across the last 3 weeks, we can observe why maybe we should be cautious. Then again, yen pairs move wild so expect the unexpected.
Nota
UJ pulled back, as expected and covered in the video analysis 
Penafian
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