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?
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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.
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WinterDo jdemunter
Got it. Thanks. :)
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