{"id":12918,"date":"2022-12-03T07:39:34","date_gmt":"2022-12-03T07:39:34","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12918"},"modified":"2023-05-17T07:41:50","modified_gmt":"2023-05-17T07:41:50","slug":"usdjpy-the-only-chart-youll-need-for-the-next-10-years","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/03\/usdjpy-the-only-chart-youll-need-for-the-next-10-years\/","title":{"rendered":"USDJPY The only chart you’ll need for the next 10 years!"},"content":{"rendered":"

 <\/p>\n

This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they’ve had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster.<\/p>\n

Before we begin, note that the October mega rejection was something we called for and clearly showed on our October 15 analysis, even on the short-term:<\/p>\n

\"USDJPY<\/a><\/div>\n

Back to the multi-decade chart, as you see, this cheat-sheet shows all of USDJPY’s major pressure points\/ zones through the years that act either as Resistance or Support levels depending on the trend.<\/p>\n

With regards to October’s rejection, we clearly see that this was made on a Lower Highs trend-line that was holding since December 1975, while the 1M RSI hit the top of a Channel Up that started after the October 1978 Low! On a large multi-year scale, there couldn’t have been a better sell signal than that on USDJPY.<\/p>\n

As for the targets? The next pressure level in line is the 120.500 Pivot, where the price can make contact with the 1M MA50 (blue trend-line). A full-year rebound or consolidation after achieving that long-term target, can finally push for a test of the Upper Support Zone that is basically supporting USDJPY since January 2014.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/USDJPY\/6b6EkXkx-USDJPY-The-only-chart-you-ll-need-for-the-next-10-years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they’ve had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster. Before we begin, note that<\/p>\n","protected":false},"author":611,"featured_media":12919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12918"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12918\/revisions"}],"predecessor-version":[{"id":12921,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12918\/revisions\/12921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12919"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}