Our last forecast for UsdJpy- a triangle pattern for price to resume upward- was not completed as price dipped further after the BOJ and FOMC statements.
We can still count on the fact that price will soon be exhausted downside for a large bullish turn.
With the chart above, price may dip further to complete an ending diagonal at 98.85-99.50 which will be the last leg of a longer term correction.
No comments:
Post a Comment