In case it goes up next week, the target price is not $130, more likely 126.65, 127.13, 127.92 based on fib extension. Based on Murrey Math with parameter of 256 and starting price of 100, it shall reverse around 127.9 at +1/8 overshoot.

USD/JPY Discussion

if look at 10 years back, the most similarity (94%) in chart patterns on daily chart is between 07/2016 and 12/2016 and the current. In any case, even it moves up $3 more dollars as some people/institutions projected, it will still go down more than ...

USD/JPY Discussion

One way to profit from FX or stocks in general is to look at the history, find similar chart patterns or formations, based on the similarities and make educated guess with confidence score about its directions as these patterns repeats over and ...

USD/JPY Discussion

Bounce back right to 126.417 from 126.31, back to the exact neckline price, support becomes resistance. If it cannot break 126.419, or goes below 126.30, expect this bearish wave puts into full play early next week, price targets and possible moving ...

USD/JPY Discussion

When fear from bears and greed from longs are at extreme, will go opposite direction. Likely will make a small bounce to 126.38-126.42 neckline area again, then starts to drop more to 126.12 based on 15M chart.

USD/JPY Discussion

Moving exactly as analyzed, down 10 pips from 126.52, break this neckline will head to 126-126.20 area in the afternoon. Profit is from sound technical analysis, not from your wishful thinking.

USD/JPY Discussion

On 60M chart, it is consolidating at the top, it can take hours, just like consolidation at the bottom around 125, if it won't pass 126.53 in the next hours, it will come down.

USD/JPY Discussion

On daily chart, the push last night is a fake breakout on very thin volume, the previous day's open will be re-tested, on the other hand, this perfectly make TD #9, it extended 126.468. Would it go higher, maybe, but at least won't go pass 126.60 ...

USD/JPY Discussion

Based on TD sequential and Elliott on 4H chart. it exhausted the impulse push, coming down on #13 at least to 61% fib.

USD/JPY Discussion

Going short here 1.1897 bearish WAVE 2 - this is the best price I believe to go :

EURUSD only

Right on, watch 1.18622 - that's next support.

EURUSD only

Good to be cautious. Daily is still in the bearish channel as in my mobile chart above, it won't be able to pass any major MAs (15-50). Wave 1 is very possible completed on 4H, wave 2 area is far down the road, at least 23-38% pullback from recent ...

EURUSD only

Very nice update Ata. It's heading down, I am looking at down to 1.18330-1.1800 area from here, happy trading!

EURUSD only

We shall see if BOE would stop this insanity or not today.

Cable Update (GBPUSD)

image Good observation Ata, enjoy your weekend!

EURUSD only

1.16408 is 4H target. This should hold, after that, it's many pips away.

EURUSD only

As market is tanking and SPX is completed running, risk averse, won't be surprised to see it drops all the way down if not today, maybe tomorrow.

EURUSD only

DXY at 94.547 target should hold for a while, even though not the bottom target, but this is a major support:

EURUSD only

My chart shows 1.16234 (30M) and 1.16345 （1H) targets, very close.

EURUSD only

Nice, probably a bounce to 1.15703-1.15765, going short there.

EURUSD only