Direction: - The pair approached the end of a Bearish Cycle which may continue on the H4 time-frame, but on the H1 time-frame a reversal off bottom of level was due.
- The pair was expected to enter a Bullish Cycle on the H1 time-frame now.
- A multi-session W (Double-Bottom) pattern formed on the H1, giving us the direction, and also failed to take...
USDJPY Weekly Forecast for 2nd to 6th March 2020
- Last week UJ was a pair we saw the influence of DXY and s&p 500 making the price drop impulsively saw as the tht others mentions.
- So we saw a nice reversal of price of UJ - Price used key level set @110.20 for further resistance furthermore reaching my key level at @109.70 for bears to keep control