USDJPY (WEEKLY) - DOWNTREND STILL INTACT (4)
Unfortunately price has broken through the Warning Line. It is not clear if price has enough energy to make it to the (Blue) Upper Median Line. (On 4 Hrs TF, price seems to be running out of steam and blocked by 2 (White and Pink) Warning Line)
Referencing the EURUSD chart (which I think has a bullish bias), I'm still putting my money on USDJPY to be falling. I will be looking for a strong confirmation before making any moves.
Referencing the EURUSD chart (which I think has a bullish bias), I'm still putting my money on USDJPY to be falling. I will be looking for a strong confirmation before making any moves.
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