JPYMYR Jump Over The Cliff| Bearish Signal| 0.03900 PredictionI am at home. Looking to the JPYMYR chart. I have spotted the channel.
This is not a regular channel. This is the 'clash channel'.
Why 'clash channel' is so important to the chart? It is the collision of the demand and supply
between Yen and Ringgit.
Yen has slightly shaken off the momentum as this week. The demand to the Yen has fade bit by bit.
On the other hand, Ringgit has develop the strength from the Malaysian economy which has gain its
momentum through the recover pandemic period despite the political clashes.
Expecting the Yen versus Ringgit will turns to sell off bearish 0.03900 again to test the support.
While in this bearish sentiment and fundamental, JPYMYR is prefer on selling its course for this week.
Other party which wanting the Yen to be weaken, consider your wish is on your favor. Expecting the Yen
low volatility by this week as the week has been reserved for FOMC and NFP.
Thank you.
Regards,
Zezu Zaza
2048
