Hello traders,
USDJPY is buliding a support above the red level.
Actaully, it looks like hard for it to drop anymore before making a correction.
There is a chance for it to rally up for 100 pips then drop down to make a new low.
Or if the bulls were stronger than we thought, it would make more than 100 pips by reaching the higher resistance zone .
We suggest to give one-two more days to get a daily confimation before making a move.
Good luck on UJ.
LESS IS MORE!
USDJPY is buliding a support above the red level.
Actaully, it looks like hard for it to drop anymore before making a correction.
There is a chance for it to rally up for 100 pips then drop down to make a new low.
Or if the bulls were stronger than we thought, it would make more than 100 pips by reaching the higher resistance zone .
We suggest to give one-two more days to get a daily confimation before making a move.
Good luck on UJ.
LESS IS MORE!