The pair moved in very sharp move up. Normally these moves are not healthy.
Last week a strong resistance was broken and now the pair retraced to the zone.
We have to wait and see the price action, but for now I have bullish bias.
1. It could test the zone and move to the next
2. It could consolidate
3. It could fully retrace.
Fundamentals says that XXXJPY pairs will continue to rise.
Last week a strong resistance was broken and now the pair retraced to the zone.
We have to wait and see the price action, but for now I have bullish bias.
1. It could test the zone and move to the next
2. It could consolidate
3. It could fully retrace.
Fundamentals says that XXXJPY pairs will continue to rise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.