As I anticipated and drew attention to two weeks ago,
USDJPY
peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level.
At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell rallies.
USDJPY
peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level. At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell rallies.
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