Retracement on UJ Again?USDJPY has significantly dropped over the past 2 months by a follow up retracement on the broken supports. Here again the price ended the week by a strong impulse to the downside leaving the BOS fresh(unmitigated). probabaly price would gap or maybe even get to the imbalace zone depending on the technical and fundamental aspects that be take effect next week.
Shortrally
USDJPY - The Falling Empire?USDJPY - one of the most excruciating yet an amazing pair of the year, has finally found a ceiling up there!?
One way or the way, in life, yes, but in pairs, rarely. UJ was one of them, rocketing more than a 2000+pips within a year was extraordinarily fascinating.
Now, UJ seem to be falling and has broken many structures and supports rapidly Since the new government of UK was in-play.
we could see potential gains from the supports ahead with the aid of slowed move economic news.
next week there could be yet just another rapid fallout or maybe some retracements to show some lovely algorithms pattern as it has always been showing.