USDJPY - 240 - Curves are beautiful. Guys will understand ;)
Very interesting formation here on the 240 min chart.
Again, as I mentioned before in my previous posts, I am a believer for now in the strengthening of the Yen. Sure, I might be wrong and maybe I'm not seeing something. The reason is that I think the Yes might sell-off at a later stage, so the Bears are building up a good entry ground for them selves.
This is a view from skeptical side.
If this pair will decide to bounce of the curve, then it will have to test the downward trend line that is better visible on the Daily chart.
Watch the levels carefully and you will find an entry for yourself.
Keep an eye on the price action!
Again, as I mentioned before in my previous posts, I am a believer for now in the strengthening of the Yen. Sure, I might be wrong and maybe I'm not seeing something. The reason is that I think the Yes might sell-off at a later stage, so the Bears are building up a good entry ground for them selves.
This is a view from skeptical side.
If this pair will decide to bounce of the curve, then it will have to test the downward trend line that is better visible on the Daily chart.
Watch the levels carefully and you will find an entry for yourself.
Keep an eye on the price action!