Yen didn't break lower from the structural level instead it spike with heavy momentum last Friday
We spotted 3 leg divergence on RSI signaling us with a potential continual bullish movement for the rest of the week which will impact on XXXJPY with bearish trend
Will share some of XXXJPY setup soon and do appreciate ur feedback
Thanks
Yen approaching an important area of confluence which is a swing high trendline, a structure level and currently price at 61% fib level.
Anticipating a bearish movement for Yen, i would aim to go Long on XXXJPY pairs depending on readiness of each pair setup
when analysing the JPY INDEX it shows that the JPY is losing strength, as it has broken out of the ascending type pattern. This is a signal that we are going short on JPYXXX and long on XXXJY .
