USDJPY could be ready to reverse if price can test the key lows. The CoT reports show that the short contracts
have reached all-time highs across an 18 and 6 month lookback period suggesting we could see a reversal in the current
Yen strength. If the price tests the lows and forms a bullish candle we could expect a reversal of the current downtrend.
have reached all-time highs across an 18 and 6 month lookback period suggesting we could see a reversal in the current
Yen strength. If the price tests the lows and forms a bullish candle we could expect a reversal of the current downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.