I believe USDJPY is getting ready for another rally, as the correction seems to be losing the bear power. The greenback remains the strongest currency, whereas the JPY is still very weak (although, I must admit, the AUD is the weakest now). Perhaps it's not going to rise straight away, but soon at least. The momentm seems to be favourable now and all that is left to be done is just break the dashed bear trend line. I expect it to retrace by at least 47.2% or even 61.8% of the entire correction.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
