USDJPY Trading near Cricital Level
the Weakness in the Dollar index might continue in the near term, after Donald Trump refused to start the stimulus program we saw a bounce in the DXY index.
after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240.
however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some rejection at the moment from current levels to finish a 5 wave pattern
in a falling wedge triangular setup.
missing leg might target 104.00 level.
after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240.
however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some rejection at the moment from current levels to finish a 5 wave pattern
in a falling wedge triangular setup.
missing leg might target 104.00 level.