Interesting situation developing for USDJPY pair on daily
I pointed out earlier, strong seasonals for JPY in Q4 yearly
There are no news on side of BOJ for strengthening Yen - US quantitative tightening is not ending soon
Was Yen devalued more than necessary - are we going for a retracement in an uptrend ?
Or is it a reversal - is ABCD complete ? AB and CD legs are interestingly close (pattern is not perfect )
Any thoughts
I pointed out earlier, strong seasonals for JPY in Q4 yearly
There are no news on side of BOJ for strengthening Yen - US quantitative tightening is not ending soon
Was Yen devalued more than necessary - are we going for a retracement in an uptrend ?
Or is it a reversal - is ABCD complete ? AB and CD legs are interestingly close (pattern is not perfect )
Any thoughts