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riffster21
Mar 15, 2021 2:22 AM

JPY Reaching Critical Level Long

EUR/USDOANDA

Description

I don't post very often, but I think we are nearing a critical support level for JPY pairs. True tops and bottoms don't happen very often in Forex. However, I feel we are getting close to a true JPY bottom.

The JPY will likely make one more push down, then spend the next few months recovering. The GBPJPY, CADJPY, and USDJPY are over-extended and need a consolidation. I think the consolidation moves will turn into trend reversals and hold for a few months. As always, please trade carefully and do not over-leverage your account.
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