So the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play
This is the video I talked about USDJPY similar pattern
So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside
Risk management is very good!! with decent ROI
Follow for more forex analysis
This is the video I talked about USDJPY similar pattern
So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside
Risk management is very good!! with decent ROI
Follow for more forex analysis
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Related publications
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.