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USDJPY Technical Analysis For 06 April 2017
Home / USDJPY Technical Analysis For 06 April 2017

H1 Graph

The USD/JPY is at a major trend line (green) again. A bearish breakout could indicate a wave C (brown) continuation whereas a bullish bounce above 111 and 111.50 could expand wave B (brown) to higher Fibonacci levels.


H4 Graph

The USD/JPY could have completed the WXY (orange) correction of wave B (brown). A break below support (green) could see price complete wave C (brown) at the 50% Fibonacci level of wave 4 vs 3 (purple).

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