Developing breakdown
Breakdown is likely as we got DM breakdown qualifier 1 (prebreakout candle pullback - that green bullish weekly candle, then - the next bearish candle managed to close right on the trendline signifying strong bearish pressure. Current week's candle should be nice bearish breakdown candle).
Intermediate target DM montly pivot. Ca. 53 pips.
Long term target classic monthly S1.
Top Absolute Correlation
1 SGDJPY - CADJPY 90.5%
2 SGDJPY - NZDJPY 87.3%
3 SGDJPY - SEKJPY 86.4%
4 SGDJPY - ZARJPY 85.6%
5 SGDJPY - AUDJPY 85.4%
6 SGDJPY - GBPCHF 84.6%
7 SGDJPY - JPN225 83.2%
8 SGDJPY - USDSGD -82.6%
9 SGDJPY - HK50.n 81.8%
10 SGDJPY - HK50 81.7%
Intermediate target DM montly pivot. Ca. 53 pips.
Long term target classic monthly S1.
Top Absolute Correlation
1 SGDJPY - CADJPY 90.5%
2 SGDJPY - NZDJPY 87.3%
3 SGDJPY - SEKJPY 86.4%
4 SGDJPY - ZARJPY 85.6%
5 SGDJPY - AUDJPY 85.4%
6 SGDJPY - GBPCHF 84.6%
7 SGDJPY - JPN225 83.2%
8 SGDJPY - USDSGD -82.6%
9 SGDJPY - HK50.n 81.8%
10 SGDJPY - HK50 81.7%
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