The markets have slowed down completely since large parts of the world are celebrating Easter. I don’t think we will see any major movements neither today nor on Monday (2nd April), and on 3rd April, Tuesday, there are no major financial or economic news despite it being a work day, which could provoke volatility.
Despite that the USD/JPY pair has reached a strong support on the H4 time frame and the bars that have formed and closed on that chart are signaling for an impending move north. I think that in case there is a breakout above 106.30 the medium term targets could be at 106.50, 107.00, 107.50.
To the downside the pair has to overcome 106.00 – 105.50 in order to continue depreciating to 105.00.
UJ continues its rejection slide from 107.00 level.
ReplyDeleteEnjoyed the article, thank you.
ReplyDeleteGood insight.
ReplyDeleteThank you for the analysis.
ReplyDeleteInteresting analysis.
ReplyDeleteIt could be a good turning point.
ReplyDeleteImportant levels to keep in mind!
ReplyDeleteGood analysis.
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