USDJPY
Saturday, 29 October 2022
15:17 PM (WIB)
USDJPY fall down from 152 points to 145 points, with definitely a very huge volumes amount.
It looks like the bearish market trying hard to take control of USDJPY assets under the bearish market regime.
Sure, the bullish market after this far won’t give the market an easy one.
So, there are laid down huge Wicks from the previous battle between The Bears and The Bulls, and this creates an Inverse Head N Shoulder formation, that is coming from the Original Battle.
Because of that, and the price still in the bearish market target, I’m expecting the price could fall back to 145 points for completing An Inverse Head and Shoulder Formation.
From there, I still see 2 options for the price to fall hard down or start rising and fly high again.
PS:
Japanese Government confirmed to not rise an interest rate.
The situation and conditions will make USD is getting stronger than the Yen.
This will impact to macro economical of Japan.
15:17 PM (WIB)
USDJPY fall down from 152 points to 145 points, with definitely a very huge volumes amount.
It looks like the bearish market trying hard to take control of USDJPY assets under the bearish market regime.
Sure, the bullish market after this far won’t give the market an easy one.
So, there are laid down huge Wicks from the previous battle between The Bears and The Bulls, and this creates an Inverse Head N Shoulder formation, that is coming from the Original Battle.
Because of that, and the price still in the bearish market target, I’m expecting the price could fall back to 145 points for completing An Inverse Head and Shoulder Formation.
From there, I still see 2 options for the price to fall hard down or start rising and fly high again.
PS:
Japanese Government confirmed to not rise an interest rate.
The situation and conditions will make USD is getting stronger than the Yen.
This will impact to macro economical of Japan.
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