Usd Jpy forecast Dollaro Yen technical analysis up to august 2019 By Francesco Massetti Posted on 3 July 2019 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr dollaro yen may 2019 Usd Jpy forecast Dollar Yen technical analysis Dollar Yen forecast Usd Jpy technical analysis using W.D.Gann’s temporal cycles Dollaro Yen may 2019 Usd Jpy forecast Dollar Yen medium term technical analysis Dollar Yen market price dynamics is lateral from January 2017. The trend after a strong positive reaction in November 2016 which brought prices from 99 area up to 118.66 level, it began a new phase of persistent laterality which generated two other important tops in addition to that of December 2016, namely November 2017 and October 2018. The angular resistance started from the top of December 2016 (purple colored in the slide) has blocked the rising phase of Dollar in October 2018 (third top) and at the subsequent rally February-April 2019. From the third maximum of October 2018, the market, after a brief distributive phase, began to dramatically correct, reaching in January 2019 the minimum levels of March 2018 at 111.36. The positive pull-back started in February 2019 pushed trades for the second time on the angular resistance, which blocked again any upward acceleration attempt. Monthly Set-ups of March-April 2019 were broken downwards in May, with the achievement of area 109. June 2019 coincides with a double time cycle expiration, so it will be crucial to understand if Yen Dollar market will end this long lateral phase started in December 2016. Dollar Yen forecasts technical analysis: the continuation of prices below the low of May will confirm the negative trend in the medium term. First supports at 108.40; 107; 104.30. Conversely, the return above 112 level will indicate a new recovery of Dollar. First resistances at 111.60; 114.20. Dollar Yen quarterly forecast Dollar yen may 2019 The 1 X 2 downward resistance corner still blocked all attempts to recover of the American currency, precisely in the first quarter of 2017, in the last quarter of 2018 and in the first quarter of 2019. The trend is still negative, until the US currency will reach 112.65. First resistances are at 114.80, while supports stand at 106.50; 104.80. Dollar Yen time cycles were analyzed using Top Trader© free software.
