Rising indizes could push it up to 110 area
Recent week we saw a nice risk off pushing money into JPY, all JPY crosses had a massive sell off.
The price rejected at the weekly bullish block around 106.8.
We could see a buy to 110 area, but keep in mind that any breach of the 106.8 area with massive sell candles could lead us to 105 area before the trend changes.
The price rejected at the weekly bullish block around 106.8.
We could see a buy to 110 area, but keep in mind that any breach of the 106.8 area with massive sell candles could lead us to 105 area before the trend changes.