USDJPY - Wants more intent - BOJ & Intervention a hindrance...

Updated

The pair on tech view have no business been trading above 107.00 handle; with that said; this move hinting at 103-104 move atleast if not more.
Anyways few angles and bigger picture on various time frames. Initial supp fairly in that likely be a breakout spot for more follow through; else retrace be kicking in soon..

JPY became a beasty indeed.. Think done its supp for now.. More follow thru would be a breakout for more dips on it..

i.imgur.com/ipviwa9.png
i.imgur.com/6N9omq4.png
USDJPY 4 hr -

i.imgur.com/wGpEsh1.png
USDJPY Daily - Take out the noises..

i.imgur.com/HB0A745.png
USDJPY Weekly - Again bigger picture; this clearly shows it wants lower...

BOJ and intervention the only threat.. Else it's got no business been above 107 handle for now..

i.imgur.com/hEJN0sG.png
USDJPY Monthly - Hence why 103-104 should get tested from here onward as a higher probability clause..
Oh the Monthly charts is well purely minus the noises and straight forward hints 103-104 should get a test and well if goes beyond; we hitting 90 zone or around in coming months or so...

Note

USDJPY - Daily ...
i.imgur.com/ER8K2Jt.png
i.imgur.com/WrFNbmy.png

It's rt on to channel supp... If this decides for some retrace GJ likely to hold 155 or around and a bounce.. Else well this looks hungry for more drop..

TahirKhan

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