Hi Traders. The recent market has been slightly difficult to trade for most Traders due to the back & forth Price Action.
USDJPY has been constantly pushing through fresh highs recently, but when will this over-stretched condition snaps back?
I've talked about the Rubberband concept numerous times on this channel, the further an asset price is being stretched, the higher the probability it exhausts.
What I'm focusing on most of the JPY pairs are to catch that moment of exhaustions.
Let's observe how price reacts back at 135.50.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
USDJPY has been constantly pushing through fresh highs recently, but when will this over-stretched condition snaps back?
I've talked about the Rubberband concept numerous times on this channel, the further an asset price is being stretched, the higher the probability it exhausts.
What I'm focusing on most of the JPY pairs are to catch that moment of exhaustions.
Let's observe how price reacts back at 135.50.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
