USDJPY has always been a Strong pair since the early start of 2022, and has shown fewer pull back since the RUS-UKR war.
Regarding current market condition, economy seems to slow down which heavely impacts many through the rapid change in currency market. USDJPY has shown a bull move through last week which i showed in my previous post that would happen which indeed did.
Now the questions stands wether there is will be pull back or not? In my opinion we could see a potential break in the price hense, keeping in mind, it is now it the previous high (POI) zone, which normally grunts downwards but also with the factor of so many factors on first opening day of the week it may show another bull move before a pull back.
But, Again, this is only Theory and yet to be proved which would also describe my ability in the market to analysis. now i will post for other pairs after this post. hope you see them.
thanks
Regarding current market condition, economy seems to slow down which heavely impacts many through the rapid change in currency market. USDJPY has shown a bull move through last week which i showed in my previous post that would happen which indeed did.
Now the questions stands wether there is will be pull back or not? In my opinion we could see a potential break in the price hense, keeping in mind, it is now it the previous high (POI) zone, which normally grunts downwards but also with the factor of so many factors on first opening day of the week it may show another bull move before a pull back.
But, Again, this is only Theory and yet to be proved which would also describe my ability in the market to analysis. now i will post for other pairs after this post. hope you see them.
thanks