USDJPY (18-11-2018 until 23-11-2018)
Monthly Chart:
Bullish in formation.
Weekly Chart:
Bullish in formation.
Trendline touch. Prepare for buying. Wait for daily chart or 4 hour chart to confirm the bullish formation.
However, there is strong monthly and weekly resistance at this level.
Maybe will be price consolidation for weekly chart.
Daily Chart:
Personal opinion. It seems like the price has reached its up limit and moving down soon.
The price might be hitting the trendline and up again.
Or it might hit the second trend line before going up again.
4-Hour Chart:
Looks like moving downwards. Stay tune and prepare for short term fall.
Bullish in formation.
Weekly Chart:
Bullish in formation.
Trendline touch. Prepare for buying. Wait for daily chart or 4 hour chart to confirm the bullish formation.
However, there is strong monthly and weekly resistance at this level.
Maybe will be price consolidation for weekly chart.
Daily Chart:
Personal opinion. It seems like the price has reached its up limit and moving down soon.
The price might be hitting the trendline and up again.
Or it might hit the second trend line before going up again.
4-Hour Chart:
Looks like moving downwards. Stay tune and prepare for short term fall.
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