↗️USDJPY might be ready for the next bullish leg↗️
Updated
USDJPY is still in technical uptrend, recently showing few cycles of reaccumulation - when prices dips below the low to manipulate weak hands, only to continue higher.
In recent UJ outlook we discussed that the price need more time to accumulate before continuation, and right now it seems like UJ is starting to build up chains of demand and structure as showed on the chart.
Will look for more bullishness, and if we get break to the downside - will expect further back and forth.
In recent UJ outlook we discussed that the price need more time to accumulate before continuation, and right now it seems like UJ is starting to build up chains of demand and structure as showed on the chart.
Will look for more bullishness, and if we get break to the downside - will expect further back and forth.
Note
Previous analysis
Note
older analysis
Note
Please look through previous analysis to understand context of this better
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