USDJPY: - the downtrend expectations
Updated
All attempts to move above the 113.78 level were unsuccessful, and since the price in these attempts did not reach the next 116.16 level, it is likely that these were all false breakouts. Similar logic can be applied to the downlink. The price still sees its limits.
This means that the price must go lower in order to accelerate for the next assault on the 116.16 level, which has not yet been taken. At the moment, the chart already shows a local downtrend from the level of 113.78.
Sincerely,
AJV
This means that the price must go lower in order to accelerate for the next assault on the 116.16 level, which has not yet been taken. At the moment, the chart already shows a local downtrend from the level of 113.78.
Sincerely,
AJV
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