Longer-Term Downside Prevails (Revised-Forecast):
Idea in chart:
Longer-term target-forecast has been revised (from the initial green & blue dotted targets); to the new red-dotted target line plotted down below.
While BOJ-intervention remains a probability; target should still be intact & in strong-bearish pressure.
Potential fresh double-topping formation with a revisit of the last highs remains a low-probability scenario (not drafted in this chart here).
Best regards.
Longer-term target-forecast has been revised (from the initial green & blue dotted targets); to the new red-dotted target line plotted down below.
While BOJ-intervention remains a probability; target should still be intact & in strong-bearish pressure.
Potential fresh double-topping formation with a revisit of the last highs remains a low-probability scenario (not drafted in this chart here).
Best regards.
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