USD/JPY likeliest to the downside
An Idea, not advice
- US market seems to be reconsolidation in prices
- USD/JPY hit all time highs and double top
- Yesterday made Lower lows
- Will aim for 50% Fib level
Kommentera:
It's stuck in a range, USDJPY is stuck between an hourly support and long year of resistance.
CPI is the decision maker. Godspeed to those who chooses the right direction.
CPI is the decision maker. Godspeed to those who chooses the right direction.
Kommentera:
CPI will be the make or break just as I said yesterday ,everyone is anticipating. However, technical perspective shows possible bear flag, after double top at the resistance. Fundamentally, if news break the 152.00 area we will see huge upside likely towards 155.0 - 156.0 and not really sure if BOJ would be happy about this.
CPI will be the make or break just as I said yesterday ,everyone is anticipating. However, technical perspective shows possible bear flag, after double top at the resistance. Fundamentally, if news break the 152.00 area we will see huge upside likely towards 155.0 - 156.0 and not really sure if BOJ would be happy about this.
Kommentera:
CPI came in hot hot, breaking the 2022 highs, its looking bullish towards 156 marks.
Scenario 2 in play.
NFP just a little better causing this to move upwards, but still stagnant around the order block area.
Overall still bearish continuation and will see to close on a negative by the end of the day likely around the 1st target.