I'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate.
After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices.
Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining.
I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation?
I love putting this puzzle together.
What are your thoughts on USDJPY?
After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices.
Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining.
I'm patiently waiting to see if we will see our first lower low in 2023 or will USDJPY use this price range as it's last leg before continuing it's trend continuation?
I love putting this puzzle together.
What are your thoughts on USDJPY?
コメント:
Price has mad a new Lower Low on the weekly and daily. This is going to spice up my sells ideas on USDJPY for now.
