The Japanese Yen Index (JXY) have been bearish for three consecutive months now and this is seen on all XXXJPY pair.
The JXY broke out of the uptrend, retested and declined and now it is currently at the Monthly support.
Will it break the support?
Will it reverse?
Will there be a pull back?
Will price head towards the monthly demand zone before the Bulls comes in?
I put an arrow at the demand zone, that is where I perceive the Bulls comes in.
Adding JXY to my watch list.
The JXY broke out of the uptrend, retested and declined and now it is currently at the Monthly support.
Will it break the support?
Will it reverse?
Will there be a pull back?
Will price head towards the monthly demand zone before the Bulls comes in?
I put an arrow at the demand zone, that is where I perceive the Bulls comes in.
Adding JXY to my watch list.
