Usd/Jpy Market Outlook
Context:
the current rallie loses a little steam due to some minor pauses , nevertheless we havent seen any signs
of a reversal as of yet , the actual rallie is still intact , we a trade at a former minor resistance @121.00
if this level holds support we will conrinoue higher to test @121.400 respectively @121.900 , should we break
that level to the downside and we takeout the next demandline we might see a retest of the broken resistance @120.400
signs of strenght:
broken resistance
strong rallie
signs of weakness:
broken demandline
the current rallie loses a little steam due to some minor pauses , nevertheless we havent seen any signs
of a reversal as of yet , the actual rallie is still intact , we a trade at a former minor resistance @121.00
if this level holds support we will conrinoue higher to test @121.400 respectively @121.900 , should we break
that level to the downside and we takeout the next demandline we might see a retest of the broken resistance @120.400
signs of strenght:
broken resistance
strong rallie
signs of weakness:
broken demandline
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