Bearish move anticipation for GJ.Based on JPYX recent move on the weekly TF, price was seen to have been able to enter into the order block as seen in the shaded area from the video. Transposing to 4hr TF, price has also been able to retrace into the 4hr bullish OB shown in the video. I'm expecting a a massive bearish move for XXXJ
JPY Index – At a Critical JunctureLast month, I pointed out that the JPY Index was sitting in a very important support zone, making pairs like GBP/JPY and EUR/JPY worth keeping on traders’ radar.
Indeed, the index rebounded, which translated into a drop for both EUR/JPY and GBP/JPY. After the initial bounce, the index returned to t
JPY at Key Zone – EURJPY & GBPJPY Could Drop 1k+ PipsExactly one year ago, the JPY Currency Index broke above the falling trendline of a falling wedge, signaling the end of a bearish cycle that had lasted nearly five years.
As is typical after long-term reversals, the reaction was sharp and fast, and the price quickly reached the first resistance tar
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Displays a symbol's price movements over previous years to identify recurring trends.