More Severe Downside in the making?

FX:USDJPY   U.S. Dollar / Japanese Yen
53 0 5
I posted this chart a while ago, & it seems that USDJPY             has started to fall very significantly...

When USDJPY             was at the 117 price level the time, I was warned that if it should break the 116 level; then it would open the way to a very steep & nasty fall (to a bottomless pit)... Which has happened...

Now it has went on to broke a very significant support (at a consolidation area around the 111.470 price level) (& it has starting a new rally downwards ever-since then - a very impulsive looking movement/wave of sort - look at the 4h chart time-frame to see what has basically happened)...

Now this rally could go on (because it looks very strong; even on a lower time-frame chart such as the 1-hour chart)...

The psychology of the market right now & ever-since is that the people are all buying the Japanese Yen             ...; When the BOJ weakened the Yen; then the market/people became even more excited & brought the Yen (like when ever there is a significant drop/plunge in the Yen; then it becomes a value buy!)... Would the BOJ weaken the Yen again (or will they decide not to do it again because of certain reasons)...??

Also how about the USD, is it going to start getting even weaker, or will it start strengthening again in the near future...?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out