Tools:
Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.
Fibonacci Study
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Multiple Time-Frame Analysis



  • The USD/JPY pair was showing some strength after rebounding from the 80.40 level. But the USD/JPY has been very bearish so bullish confirmations are needed, and projections are very short-term.
  • 1H: You can see in the 4H chart below that the USD/JPY broke above important levels. But a break back below 81.00 would be non-confirming and suggests bearish continuation.


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Fan Yang CMT
Currency Analyst
FXTimes.com