Prices could reach 0.7040-7052 I choose 0.7040 as my TP
prices could make a reversal at 0.7052 if the current trend holds strong, all depends on the relative strength of DXY
We are still in the down trend price needs to break above 130.86 which is currently not possible with lockdowns in China happening in more cities AND with the VIX possibly going back to all-time highs
Candles are make lower lows and higher lows if this holds up we could see prices go below the previous low
We see price is headed down to 80.8-81.57 meaning that the down trend will further continue meaning all currency pairs against jpy should perform decently well.
the take away is that once price reach 80.8 or a bit below we will see a reversal to the uptrend
We are in a critical time if it breaks out of trend, and it closes below 22.47 US indices will climb higher
if it stays in trend and bounces back to previous highs of 37.03 than US indices will take a major plunge
