I like the USDJPY because it is a lot more cleaner and lot of confluence.
The current retracement back to 118.382 - 118.4 is the level to short from, targeting 114.11. We could expect to see a push lower to possibly fill the gap at 112.315 as well.
BoJ monetary policy is due this week and not to forget the ECB drama. Given the circumstances, I expect Yen to act as a strong safe haven this week thanks to Europe.
The current retracement back to 118.382 - 118.4 is the level to short from, targeting 114.11. We could expect to see a push lower to possibly fill the gap at 112.315 as well.
BoJ monetary policy is due this week and not to forget the ECB drama. Given the circumstances, I expect Yen to act as a strong safe haven this week thanks to Europe.
