Oct 242014
 

4XEagleEye Chart

2014.10.24 [ | ] We see high chances of the pair move down gradually towards (106.41 – 106.24). A proper confirmation would occur if the USDJPY will manage to close below the (106.78) support over today`s trading session. Look for short positions for current trading session.

Market Snaphoot 1Market Snaphoot 1 Market Snapshots


Summary

Direction

Moving Avg.

Indicators.
Reversal Prob. Oscillator

Hanging Man

Candle

Bearish

Harmonic

107.11 107.28 107.49 107.65 107.85
106.78 106.41 106.24 106.04 105.79
Hourly Alerts
Down Trend 10 hours ago USDJPY is facing a selling pressure pushing it down as long as it remains below (108.45) any four hours close below (106.78) will open the way for the instrument to test the next support level. Any four hours bare close above (108.45) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (108.45).
Bullish Reversal Pattern 18 hours ago On USDJPY hourly chart there is a bullish reversal signal (Hammer). We recommend longing the pair with a stop loss below(Hammer)
Reverse Expected 18 hours ago There is 56% probability that USDJPY will reverse soon. Traders should consider buying the instrument or taking profits on current short trades.
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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