The Yen pairs I watch have slowed their moves after last week’s Yen strength and I’m looking for any pullback or for some mean reversion here. They are not eligible for any LONG signal on my 4hr chart based TC algorithm yet as they are all below the 4hr Cloud. See charts below.
AUD/JPY: this pair moved down to test the 61.8% fib of the Feb-March swing high move. It is now pulling back and is up near the 50% fib of the recent swing low move and is also near the Monthly Pivot and 4hr 200 EMA.
A/J 4hr: Watch for any make or break at the 61.8% fib near the 84.50 level:
A/J monthly: price is holding above the 80 level:
EUR/JPY: note how any 61.8% fib pullback here would bring price back to the key 126 level, monthly pivot and 4hr 200 EMA. Watch for any make or break if price gets back up to this level:
E/J monthly: note how key the 126 level has been:
USD/JPY 4hr: note how any 61.8% fib pullback would bring price up past the recent S/R level of 111 and near the 4hr 200 EMA. This is the region to watch for any make or break activity:
GBP/JPY 4hr: note how any 61.8% fib pullback would bring price up near the 4hr 200 EMA. This is the region to watch for any make or break activity: