JPY Yen Pairs are gaining strength, what to look out for now ?

20 thg 6, 2021

Hello everyone:

Since both USD and JPY pairs are all gaining momentum and enter into the impulsive phase of the market condition,
let's take a closer look into them and see what we can expect from them next week and onwards.

Certainly a few possible scenarios could form, so best to have a trading plan that fits your style and expectations when it comes to these setups.

Personally I do see them very likely to continue the bearish trend, but whether they form just small, lower time frame corrections to continue, or form deeper, larger corrections before the next continuations.

Let's take a look into all the JPY pairs, and see how we can approach them.

EURJPY:


CHFJPY:


GBPJPY:


NZDJPY:


AUDJPY:


CADJPY:


USDJPY:

Any questions, comments or feedback welcome to let me know.

Thank you