I have been talking about an NJ buy for a while considering this price action channel/ diagonal. Simply looking for a 1-2-3 to take place either direction it is going. It wicked out of bottom of channel off .786 fib. Looking for a corrective flag here or a breakout of channel and correction for confirmation. We had a 1 hour correction, but it can expand or even extend down to break the last low it just made considering the supply zones below it but it did make enough touches in this channel with a wick out of the bottom and does have enough overlap. But it is a yen pair so be aware.
Comment:
NJ has pushed down more but the price action is the same. Take a look at AJ. Same type of deal basically. Even if they keep driving NJ down all the way to the low, at some point it's going up.