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USDJPY SHORT! Yen near Reversal to satisfy Shorts!

Short
Japanese Yen Currency Index (TVC:JXY)  
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TVC:JXY   Japanese Yen Currency Index
Chart Patterns Beyond Technical Analysis USDJPY usdjpyanalysis usdjpyidea usdjpytrade
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Overview:

Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support.

87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers.

So what are the chances USDJPY will experience the unprecedented and anticipated Selloff?

First the Yen has to find Buyers. Technically, The Buy-zone has now drastically narrowed to 81.89 through 79.56 zone or lower to 77.54 --Or through tests at the Trend-line. It is not clear how long Buyers will take to raise the Yen index-- But it is Clear where they have the Best chance to reverse the Index.


Note: Idea is to complement your research.


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