I don't post very often, but I think we are nearing a critical support level for JPY pairs. True tops and bottoms don't happen very often in Forex. However, I feel we are getting close to a true JPY bottom.
The JPY will likely make one more push down, then spend the next few months recovering. The GBPJPY, CADJPY, and USDJPY are over-extended and need a consolidation. I think the consolidation moves will turn into trend reversals and hold for a few months. As always, please trade carefully and do not over-leverage your account.
The JPY will likely make one more push down, then spend the next few months recovering. The GBPJPY, CADJPY, and USDJPY are over-extended and need a consolidation. I think the consolidation moves will turn into trend reversals and hold for a few months. As always, please trade carefully and do not over-leverage your account.