USDJPY - the Big Short is coming
- the market expects USD to weaken over the next months due to potential rate cuts this year
- from technical standpoint USDJPY is at very important resistance, created by gigantic 1:1 formation which started in Oct 2011 (yes 2011), then was respected by the market in Oct 2022 and Feb 2023.
- Now the FE 100% is just being retested. If it is respected, the price may go all the way down to 124 JPY. This is 2800 pips... Big Short is coming guys!
- from technical standpoint USDJPY is at very important resistance, created by gigantic 1:1 formation which started in Oct 2011 (yes 2011), then was respected by the market in Oct 2022 and Feb 2023.
- Now the FE 100% is just being retested. If it is respected, the price may go all the way down to 124 JPY. This is 2800 pips... Big Short is coming guys!
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