USD/JPY Daily Video, May 14, 2018

[Sive Morten]

Good morning,

Yen potentially could form very important patterns of a big size. On daily chart price stands at crucial resistance which probably will determine direction during coming week:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Joh]

I may have misunderstood this report but was pretty sure the Usd/Y would go down. Ooops!
Is this temporary Sive? ?

 

[Joh]

I may have misunderstood this report but was pretty sure the Usd/Y would go down. Ooops!
Is this temporary Sive? ?

Am more then happy to wait

 

[Sive Morten]

I may have misunderstood this report but was pretty sure the Usd/Y would go down. Ooops!
Is this temporary Sive? ?

Joh, here is what we've said in weekly report (Daily)
"This level (daily K-resistance) is also important because if yen will break it up - this will turn advantage in upside continuation and makes in vain all our talks about deeper retracement and reversal patterns. Because in this case monthly triangle probably will be broken up. "

But, this level is not totally broken yet. Whatch today's update on JPY