USDJPY CONFIRM THE BEARISH MOVES (TECHNICAL ANALYSIS) USDJPY CONFIRM THE BEARISH MOVES
it was noted that the ninja pair had been waiting for a confirmation in regards to pushing the price of the market towards the April 22, lowest point.
However, It all a came out of the tight range momentum the market has been undergoing in the past few days, luckily during the London trading session on Wednesday the volatility of the pair has managed to escape out of the hand of weaker volatility and it regains strength which tends to be stronger than ever before.
On the flip side, before the confirmation of the bearish move, when looking at the 4hour time Frame market players will noticed that there is a build up forming below the mid of the tight range price action, hence this build up should serves as a confirmation or an area of value where entry point and stop loss should be marked with.
To be precise the price of USDJPY eyes a negative correction along the lines of the April 22 lowest price level which is recorded at 107.810.
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