U.S Doller / Japanese Yen looks bearish
CONTINUATION OF USDJPY ANALYSIS FROM PREVIOUS ONE
1. Overall, the pair has been bullish and it reached the peak and created a new supply zone and a demand zone and consolidated.
2. The previous demand zone looks like has been broken (further confirmations needed / closing of 4H or D candlestick below the zone)
3. Let let the pair fall, XABCD pattern provides more confluence
TIP :
1. This might mean investors are taking out their money from JPY considered as a "Safe-Haven"
2. Check CADJPY (+ correlation) and EURCAD (- correlation)
1. Overall, the pair has been bullish and it reached the peak and created a new supply zone and a demand zone and consolidated.
2. The previous demand zone looks like has been broken (further confirmations needed / closing of 4H or D candlestick below the zone)
3. Let let the pair fall, XABCD pattern provides more confluence
TIP :
1. This might mean investors are taking out their money from JPY considered as a "Safe-Haven"
2. Check CADJPY (+ correlation) and EURCAD (- correlation)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.