USDJPY - FURTHER JPY WILL STRONG OR NOT ? WHAT'S GOING ON UJ?
#USDJPY
- USDJPY is currently selling. The reason for this is the intervention of the BANK OF JAPAN for the JPY. With US ECONOMIC DATA being POSITIVE, UJ BUY was very good until last week. And FED UPDATES were very POSITIVE. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At the moment, the MARKET is taking a bit of RISK OFF, that's why the JPY is going up. According to the USDJPY ANALYSIS we gave earlier, the USDJPY UPSIDE WAVE is going UP around 110 ++ PIPS. I hope you get it. It went down very fast before our TARGET.
- There is definitely a high chance that USDJPY will go UP a bit more and move to 145.91 LEVEL. The reason for that is because the MARKETS RISK OFF is already happening, so it can happen. After that, the USDJPY price can break the TREND LINE and go up to 140.71 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
- USDJPY is currently selling. The reason for this is the intervention of the BANK OF JAPAN for the JPY. With US ECONOMIC DATA being POSITIVE, UJ BUY was very good until last week. And FED UPDATES were very POSITIVE. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At the moment, the MARKET is taking a bit of RISK OFF, that's why the JPY is going up. According to the USDJPY ANALYSIS we gave earlier, the USDJPY UPSIDE WAVE is going UP around 110 ++ PIPS. I hope you get it. It went down very fast before our TARGET.
- There is definitely a high chance that USDJPY will go UP a bit more and move to 145.91 LEVEL. The reason for that is because the MARKETS RISK OFF is already happening, so it can happen. After that, the USDJPY price can break the TREND LINE and go up to 140.71 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.