:: FUNDAMENTAL
1] There is a high probability that the Japanese Government will intervene after 150 (which is already done)
2] The Banks forecast on U/J for the 1st Quarter of 2024
BMO Jan 13 143
HSBC Jan 18 142
Westpac Jan 19 145
MUFG Jan 5 140
Nordea Jan 5 137
UOB Jan 5 140
Bank of America Jan 8 145
Scotiabank Dec 19 150
BNP Paribas Dec 18 145
Danske Dec 18 139
Goldman Sachs Dec 18 145
CIBC Dec 16 154
Citi Dec 7 149
Crédit Agricole Dec 6 146
SEB Dec 4 144
Morgan Stanley Nov 28 145
ING Nov 17 140
RBC Nov 13 152
Santander Oct 31 150
UniCredit Oct 16 140
ANZ Sep 29 140
:: PRICEACTION
~ Monthly below baseline and weekly retracing to baseline after a DOUBLE TOP.
~ Daily, 2 days Doji, the next candle closing bearish will be the confirmation to SELL.
~ 4H below the baseline and expected a pullback for the sell formation.
~ Closing below 147.667 and a pullback would be a GOOD SELL.
1] There is a high probability that the Japanese Government will intervene after 150 (which is already done)
2] The Banks forecast on U/J for the 1st Quarter of 2024
BMO Jan 13 143
HSBC Jan 18 142
Westpac Jan 19 145
MUFG Jan 5 140
Nordea Jan 5 137
UOB Jan 5 140
Bank of America Jan 8 145
Scotiabank Dec 19 150
BNP Paribas Dec 18 145
Danske Dec 18 139
Goldman Sachs Dec 18 145
CIBC Dec 16 154
Citi Dec 7 149
Crédit Agricole Dec 6 146
SEB Dec 4 144
Morgan Stanley Nov 28 145
ING Nov 17 140
RBC Nov 13 152
Santander Oct 31 150
UniCredit Oct 16 140
ANZ Sep 29 140
:: PRICEACTION
~ Monthly below baseline and weekly retracing to baseline after a DOUBLE TOP.
~ Daily, 2 days Doji, the next candle closing bearish will be the confirmation to SELL.
~ 4H below the baseline and expected a pullback for the sell formation.
~ Closing below 147.667 and a pullback would be a GOOD SELL.