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USDJPY - MOST IMPORTANT LEVELS
Hey Guys!
So above are the most important levels.
If the price finishes lower, than it suggests further weakness to 110.860, and then possibly 108.226 if the 110 price level breaks. Given that the pair just broke a massively important trend line, this is the scenario I'm preparing most heavily for.
However, the price also could be triple bottoming, and while the RSI doesn't show it, if the price fails to gain any bearish momentum, we could see this pair retest the important 115 level.
The price movement in the next 16 hours will most likely tell us our next move. Keep an eye out.
Cheers,
AW
So above are the most important levels.
If the price finishes lower, than it suggests further weakness to 110.860, and then possibly 108.226 if the 110 price level breaks. Given that the pair just broke a massively important trend line, this is the scenario I'm preparing most heavily for.
However, the price also could be triple bottoming, and while the RSI doesn't show it, if the price fails to gain any bearish momentum, we could see this pair retest the important 115 level.
The price movement in the next 16 hours will most likely tell us our next move. Keep an eye out.
Cheers,
AW
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