• We have divergence in stochastic 
• Perhaps one more drive up to new highs - maybe at my fib 161.8 ext level

• Double bottomed from major support on Monday and Tuesday, and also near the 61.8% fib retrace
• We have a short trade as shown on chart for a scalp from a fib ext and fib retrace level
• Our bias is we should have new highs

• Our bias remains the same as analysis from Monday
• Will be interested to get long when reached support buy zones

• We saw rejection from the 61.8% fib retrace, which also was my scalp short entry on my monday's analysis.  I know many traders who have got in short there as a classic setup of a fib 61.8.
• After three days of data since Monday's analysis, I have been able to setup our next counter trade zones.  This is more like a scalp rather than a long term trade.  However this could be the area where it will go higher, so, keep a very small portion on if you see the same 

• Reason why i am using the Ichikumo indicator is that the yen pairs do respect this indicators more than any other currency.
• As you can see on the daily, it has rejected the clouds , however the lines (you can say the moving average line) is acting as minor resistance for the meantime
• Although the clouds have been rejected, we cannot ignore the fact that it looks bearish, and i would like this to reach my first level of support on my chart and go long. (note second level of resis, might not be reached)

• On the hourly, if we get into my sell zone, i would be looking to do a 80% scalp and leave 20% trade and possibly ride into new lows (as mentioned in Daily Chart)

• Not much action for the first two days of the week as market anticipating moves after the Fed later today

• I have identified a potential Cypher Pattern similar to the AUDUSD setup.

• As predicted last Friday, we rejected from the confluence fib ext level of 161.8 and 127.2
• Upside is limited however with the major resistant, and if we break through, please be careful of a 'fake break'

• This is my forecast for this pair, and if it does get up to my sell zone, for those who look at patterns, i think its a potential Cypher pattern. - 
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• Next support bounce is also on chart

• Our bias for this week is bullish as we had rejected the monthly pivot, which also is confluence level of 61.8 fib back
• Descending Trendline was broken (not shown on chart), however fell back into it slightly after Last Thursdays big candle

• On the hourly chart, price action is moving upwards, (slowly)
• Although bias is bullish for the week, i have a short trade as shown on chart

• The second counter trend would be a nice one to take which would line up with fib confluence together with ADR range as well as a Supply and Demand level.

• First counter trend will only take if price gets there 2 hours prior to news event

Hourly Chart

• Ascending trend line is near
• On yen pairs, using ichikumo indicator is ideal, and if you put it on the daily chart, we are hitting the clouds / supports/ and the 101.300 approx is in the clouds
• On the chart, there are two support levels to look for trades

Hourly Chart

• After breaking support, We would be looking to sell on the retest which now is resistance.
• The next level of support is drawn on the hourly where a possible bounce scalp is possible / also shown on 4hr chart

• There is divergence (unfortunately not drawn on chart sorry), where we have higher high, but lower highs in stochastic.
• Trading into resistance, with Friday's Candle seems to have a exhaustion pin bar.

• The Stochastic seems to me that it wants to push price up,
• On chart are two counter trade setups if we break resistance

Hourly Chart

• I have not shown the stochastic indicator window, however i could tell you it is pushing up which makes this pair breaking resistance more of a possibility
• On the chart, there are two possibility, One is a trend continuation, and second is a counter trend

• We have broke major Support with a big Bearish day candle yesterday
• Clearly still in a downtrend
• Currently found expected support at the 127.2 extension / 161.8 extension
• We expect further push down slightly before a counter trend trade where a stronger support at the confluence levels of (as highlighted in blue box)
• Monthly PIVOT S2 
• 61.8% retrace from a big uptrend on a daily
• 200 fib ext of the most recent reverse retrace of the down trend (sorry i don't know the correct word for this)
• 141.4% fib ext of oct 29 to dec 02 down swing (fib level not shown on graph)
• 161.8 fib ext (old level, which was previous s/r