Weekly: Overall Bullish. Above is IFVG reacted and moved lower. The price is at FVG. Daily: Price broke the short-term lower low and inside FVG. Waiting for a clear direction shift. fundamentally, the USA is strong but recent weak data. Japan is currently planning to hike interest rates. USDJPY - Neutral.
The price is currently bearish due to stronger US data. We will look for a small retracement to continue buying USD. Weekahead caution: US inflation data and FED policy await.
Currently, price is at daily imbalance, waiting for retracement before moving to daily and weekly high. Fundamentally, USD is stronger compare to CHF. Keep eyes on this week USD fundamental report.
Last week, price reversed from the weekly supply zone strongly. The price to expected to retrace to the 1H supply zone before continuing downfall. 1H supply zone aligns with Fib levels.
Price has touched 61.8% fib level. And price is forming pattern which shows high likely for price reversal. Will observe the area close for entry.