USD/JPY is Bear Bulling and for how much longer?
The trend will most likely keep displaying a pivot at new highs while reversing back towards recent lows. As long as our inflation and the fed keeps our economy this pumped up then the yen will suffer and there is a chance to bet on it right now. All year this exchange has been displaying volital bear bulls however the previous years trends went sideways before bulling on the US Bear market. I don't trade FX. I do like to watch what is going on from time to time.
If you draw a wave pattern from the last three years the direction is still headed up directionally. Obviously, with retracement ahead. I would say by the end of the week it will be back near 127
If you draw a wave pattern from the last three years the direction is still headed up directionally. Obviously, with retracement ahead. I would say by the end of the week it will be back near 127
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