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ew-forecast
Feb 29, 2024 3:17 PM

Japanese Yen May Face A Recovery Long

Japanese Yen FuturesCME GLOBEX

Description

Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.

Comment

Japanese Yen is moving!
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