USDJPY - 5 January 2024
The impulsive down move from 11:00pm USD news could just be a fake move. The intention of this big scary move is to create the illusion of UJ turning bearish again and making those who enter Long earlier from below exit their position at here before the real bullish move start. As if that was the reason for this impulsive down move to happen, I would expect Friday to close bearish, from Daily TF it would be a strong bearish candle, creating the illusion that UJ "might" have turn bearish from here or to continue the prevailing bearish trend.
As long as price doesn't reach 142.212, I will remain a bullish bias.
As long as price doesn't reach 142.212, I will remain a bullish bias.
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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.