Start rebounding?
Background: BOJ Rate: -0.1% trying to stimulus its economic.
Arbitrage at GBP/JPY has started.
See if the JPY could hold its ground through this week.
Scenario 1: Step to step from a resistant to a support: 18000----19000----20000
Scenario 2: Go down and test 16000 again, then rebound to the high level, "W" pattern.
Scenario 3: Slump below 16000 to 14500
Arbitrage at GBP/JPY has started.
See if the JPY could hold its ground through this week.
Scenario 1: Step to step from a resistant to a support: 18000----19000----20000
Scenario 2: Go down and test 16000 again, then rebound to the high level, "W" pattern.
Scenario 3: Slump below 16000 to 14500
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