USDJPY unable to break resistance, big fall may happen
USD/JPY couldn't break through the 139 resistance zone. We have a red daily candle yesterday and it seems the
bulls have finally given up. Bears are getting stronger but no big moves are happening as of now.
It is difficult to predict when the big bearish move will happen but one thing is certain that UJ price is very stretched
and sooner or later, we will have a big pullback.
IMO, UJ should drop to at least 133 but timing the drop is a bit tricky. However, get ready to sell on every rise near 139
and keep holding sells with target being on the 133 level.
bulls have finally given up. Bears are getting stronger but no big moves are happening as of now.
It is difficult to predict when the big bearish move will happen but one thing is certain that UJ price is very stretched
and sooner or later, we will have a big pullback.
IMO, UJ should drop to at least 133 but timing the drop is a bit tricky. However, get ready to sell on every rise near 139
and keep holding sells with target being on the 133 level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.