The JPY index could continue to weaken if it sticks to the previous pattern of movement. In March, we see a strong bearish impulse followed by a pullback that stopped at the 38.2% Fibonacci level. Then we see the continued weakening of the JPY index, and each subsequent pullback is stopped in the zone around the 61.8% Fibonacci level. We could say that the Japanese yen is at a very important turning point for the future movement of the trend. Looking at all major currency pairs against the yen, we see that all currencies are in a bearish consolidation which could be a trap for a continuation of the bearish option.
Comentário:
EURJPY
Comentário:
GBPJPY
Comentário:
USDJPY
Comentário:
