Big Move incoming on USDJPY
Huge volume spike on levels not seen for since May 2022
Could this pair be loosing steam and a potential move to the downside lurking??
Price in an ascending channel
RSI exaggerated divergence
snapshot
The recent price action was very similar to the BOJ intervention 22/09/2022,
Using factual theory's we could see price bounce from this area but unable to capture new highs creating a Quasimodo pattern - if true then the entry will be on the break of 146s.
The downward factual pattern was taken from 14/07/2022-02/08/2022
Could this pair be loosing steam and a potential move to the downside lurking??
Price in an ascending channel
RSI exaggerated divergence
snapshot
The recent price action was very similar to the BOJ intervention 22/09/2022,
Using factual theory's we could see price bounce from this area but unable to capture new highs creating a Quasimodo pattern - if true then the entry will be on the break of 146s.
The downward factual pattern was taken from 14/07/2022-02/08/2022
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