Yesterday USD/JPY fell with around 180 pips which is a considerable drop, but today I think that the pair is about to resume moving to the upside.
At this point I expect it to start climbing towards 112.80 – 113.00. Also in case the current candlestick on the day time frame forms a hammer at or above the Bollinger Bands middle line I think we will see a further climb towards 114.00 – 114.50.
It is also possible that correction will be even deeper and the pair will rise even higher, but for now it is too early to say whether that will happen.
Great analysis, thanks!
ReplyDeleteGood post.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteGreat assessment. I'll keep a close eye on the pair.
ReplyDeleteYes, the fundamental analysis showed the same
ReplyDeleteHelpful post.
ReplyDeleteLet’s see how it keeps going.
ReplyDelete