shuyatake

Cracking Low Becomes Fake, Short-Covering Occurs ?

FX:USDJPY   美元 / 日圓
I think as follows.
It is not "Turn of Buying" by looking at Weekly.
but... there is a possibility the buyer is waiting at 107.40-00.

It is said many times, but I prepare for the movement of short-covering.
Recovery-High of decline is 108.73 / 75.
After breaking there, it's not too late that I switch to buy.

Because it has been resistance twice in "SellZone-C", I think deployment of long on short-term will occur by missing in the resistance. (1)

Weekend was closing lower.
First it might lows attack.
I am also assuming that cracking lower becomes "FAKE". (2)

thanks

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