USDJPY, trendless but could fall to T-bottoms

USDJPY, trendless but could fall to T-bottom

 

 

As I wrote in the previous day's article, I liquidated the 105.613 Long (L1) at 106.00, where the chikou span fell below BB-2σ in 15 minute chart in USDJPY.

 

After that we saw a scene to gain somehow but it has been downtrend overall.

You can see the price has been below the falling MA26 (ultraviolet) and BB centerline (black) in 60 minute chart.

It is possible to go down to 105.500 area, where triple bottoms would be formed or even to go down further..

So watch it carefully tonight.

The method of chikou span release from BB lines in 15 minute chart is likely to fail in such a trendless market where the colors of the clouds changes in this way.

 

 

 

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