USDJPY
<b>142.00</b>
Most important number here. Whatever happens here will determine our next move.
This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back.
- We need a long rejection to confirm
- We have what is forming a double bottom (only 1 confluence)
- More candlesticks showing slowing down will help confirm
If it rejects at 141.5, we will see it go back down and continue with how it has been currently moving. The sell bias is the probability, the buy bias is the possibility.
- Current candlesticks confirm continuation
- Momentum is downwards
- Trend is still bearish
Most important number here. Whatever happens here will determine our next move.
This buy possibility is only based on a break up through 142.00 and then reject (Support) on it where we will see it fight and reverse back.
- We need a long rejection to confirm
- We have what is forming a double bottom (only 1 confluence)
- More candlesticks showing slowing down will help confirm
If it rejects at 141.5, we will see it go back down and continue with how it has been currently moving. The sell bias is the probability, the buy bias is the possibility.
- Current candlesticks confirm continuation
- Momentum is downwards
- Trend is still bearish
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