jdemunter
Short

Usd/Jpy : Bounce and drop

FX:USDJPY   U.S. Dollar/Japanese Yen
Since the top price has declined in a corrective way. A first wave of this corrective wave is now finished. Look for price to retest the former support now resistance zone around 115.50 - 117.50. After this retest, look for price to continue the trend down.
Why do you believe that JPY will keep rising like that?
Reply
jdemunter WinterDo
Hi WinterDo, this is just a pure technical prediction. Perhaps the move will not as much be JPY related, but more USD. Another thing is that stocks could have a big drop which would lead to usdjpy falling. Crazy times, that's why i prefer watching the technicals.
Reply
WinterDo jdemunter
Got it. Thanks. :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out