USDJPY will soon face resistance. The problem zone is between 14821 and 148.8.
I'm expecting a bearish reaction here on Monday or Tuesday.
But if (contrary to expectations) the mark @148.8 is sustainably overcome, then it goes to 150.50-151.
If the price bounces back at the resistance zone, all indices would rise.
First target: 145,843
Confirmation for longer falling prices would be close below @144.70 on a weekly basis.
I'm expecting a bearish reaction here on Monday or Tuesday.
But if (contrary to expectations) the mark @148.8 is sustainably overcome, then it goes to 150.50-151.
If the price bounces back at the resistance zone, all indices would rise.
First target: 145,843
Confirmation for longer falling prices would be close below @144.70 on a weekly basis.
Comment:
150.50 soon!
Comment:
Watch today:
under 150.128 = short!
under 150.128 = short!
For this month I still see 152.10-152.65.
But once there is a daily close above 152.66 then the next target is @ 158.85.
In order to reach this target, USDJPY may need November and December as well.