When I was writing the plan yesterday, market was at the bottom of the PZ. It bounced off exactly from there, hit the top of PZ before coming down. I said look good for a dip to 143.30 or even 143.15 for a good long (www.tradingview.com/...oEC-04072023-USDJPY/). Lows of day was 143.21 before it rallied 30 pips up.
Overall, price action still looks not bearish to me. Price is still supported by the BZ, though slightly below PZ. IMO, it is buy the dip till it is not.
Yesterday's low at 143.21 will be level of focus. Could see a fake re-test and failure for a move to 145.21. Ok that's all, anything I will update in my group.
Overall, price action still looks not bearish to me. Price is still supported by the BZ, though slightly below PZ. IMO, it is buy the dip till it is not.
Yesterday's low at 143.21 will be level of focus. Could see a fake re-test and failure for a move to 145.21. Ok that's all, anything I will update in my group.
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