DVNNY

Continued decline on USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Wicks wicks wicks paint a clear picture on this pair. Every time lows get wicked into, price revisits these lows and creates new ones. The last significant low created was at 101.215 area which happened earlier and during the COVID pandemic. If my theory holds, then we are talking about lows of 100, 99, 98 being formed in the coming weeks and months. Heavily bearish on this pair and it would take a lot to change my stance.
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