Looks like buyers are stepping in at the moment, still not ready to go down to participate yet but gonna keep my eyes on it.
Looking at this market it seems to be on the bullish side, despite the fact that multiple stage 1's (wyckoff, consolidation, etc)has occurred. Just waiting for the buyers to step in then i'll pay alil more attention to see if there is a possible entry. But if it breaks below that starting point of the range i'll walk away from this market till it shapes back up to...
the bearish outlook for UJ is grounded in a combination of factors that align with supply and demand. The heightened demand for Japanese yen, a divergence in monetary policies, trade dynamics, safe-haven preference, and technical analysis collectively contribute to the ongoing bearish trend. While market conditions can change, these factors provide a...