Dollar-Yen PF Chart: Comparison of 1-hour and 15-minute charts

Hello!

This is Satori, investigating FX.

Today we will deliver “a comparison of the USD/JPY PF chart on the 1-hour and 15-minute timeframes.”

The figure below is the 1-hour USD/JPY Point & Figure chart.


http://livedoor.blogimg.jp/fxmt4indicator/imgs/8/7/87830962.gif

Although in a downtrend, it is in a bullish (positive) state.

With the 113.5 yen and 112.750 yen support lines replacing the resistance lines, a resistance-turned-support (resistasu) is occurring.

The figure below is the 15-minute USD/JPY Point & Figure chart.


http://livedoor.blogimg.jp/fxmt4indicator/imgs/7/7/77f96ff7.gif

Again, it is in a downtrend, but in a bullish state.

The 113.5 yen and 112.750 yen support lines are replacing the resistance lines, so a resistance-turned-support is occurring.

In the 15-minute P&F chart, there has been a large move after more than six consolidation bars.

From now on, we will compare the long-term and short-term charts to determine optimal entry and exit timings.


The indicators related to today’s article are as follows.