FED cut rate, BOJ raise rate, Yen carry trade unwind......
Plenty of naratives that can suit whatever the price action is, so let's take a look what the price tells us. It's breaking down the channel, and based on such, it might want to go to 137-ish.
As any price journey, the price might decide to rebound...if it does, the lower boundary of the channel at 150-151 will act as resistance.
Cherio...
Plenty of naratives that can suit whatever the price action is, so let's take a look what the price tells us. It's breaking down the channel, and based on such, it might want to go to 137-ish.
As any price journey, the price might decide to rebound...if it does, the lower boundary of the channel at 150-151 will act as resistance.
Cherio...
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