UsdJpy increases this week despite significant retail imbalances from last week failing to take price lower with notable inlfation data. We may observe a move to go down now after jumping up with news release volatility from last week. Otherwise, UsdJpy is currently testing a Daily Resistance level for the first time. We may anticpate a move down early in the week but consequential upside movement laster in the week. The Monthly candle has confirmed an upside breakout to our next monthly zone at 158. We may observe initial retest of 148.71 once more before seeing more upisde movement.
Note
Got a second Retest at 148.71 as anticpated Trade closed: stop reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.