USD/JPY Technical analysis last intervention from Japan was on Friday 21.10.22 after USD/JPY tested 152.00 to the upside before ultimately moving to lows of 146.23 in a quick, aggressive manner – price action that is indicative of official intervention. There are some reasons for JPY weakness besides US dollar’s strength 1. The Japanese household sector Tended to be more interested…
USD /JPY TECHNICAL ANALYSISFollowing on from what I wrote in the previous post this time I will discuss 3 scenarios for the pair and won’t bore you with words and I will put 3 charts here for your reference taking into consideration that the 131 price area needs to hold for those scenarios BAT Harmonic Pattern Bearish Butterfly Pattern Bearish…
USD JPY Technical Analysis The pair play for a very long period in narrow boundaries – it’s about to explode in one direction -The question is in which one? 3 indicators that give the indication that the bottom of the USD/JPY is still far away Symmetrical Triangle Pattern The triangular chart pattern is created by drawing two converging trend lines…
