USDJPY: Key targets 102.6 and 103.5 remain intact.
USDJPY's trading plan is still valid. My benchmark is 101.5 and the key support level is 101.325.
Indicators show that we are at an oversold level because of FEd's Early announcement concerning the increase of the interest rate. However, USD is the strong currency on the USDJPY pair.
The black forcast shows the expected curve and trend of USDJPY. Please disregard the timescale. The target could be achieved quicker or slower but I did draw it by hand without taking into consideration the timescale.
Indicators show that we are at an oversold level because of FEd's Early announcement concerning the increase of the interest rate. However, USD is the strong currency on the USDJPY pair.
The black forcast shows the expected curve and trend of USDJPY. Please disregard the timescale. The target could be achieved quicker or slower but I did draw it by hand without taking into consideration the timescale.
