TradingView
Hokusai_FX
Jun 29, 2023 5:11 AM

USDJPY 29June2023 

U.S. Dollar/Japanese YenFXCM

Description

if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump.

the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped high towards the SnD area above the fibo extension.
Comments
khaledriad89
what do u mean please explain?
ibrar550
no pullback only upside, Powell was very hawkish about 20 mins ago
More