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UsdJpy has reached the lows for now and will turn up
On the weekly chart we can see that UsdJpy is holding above 61.8% fibonacci retracement of last move up
this should be a strong level and I think it will hold
It is clear now on the daily chart that the previous lows have been rejected
We see large volume on the initial lows and less volume on another push down towards these lows
This indicates that the market is exhausted bearish , a…
On the weekly chart we can see that UsdJpy is holding above 61.8% fibonacci retracement of last move up
this should be a strong level and I think it will hold
It is clear now on the daily chart that the previous lows have been rejected
We see large volume on the initial lows and less volume on another push down towards these lows
This indicates that the market is exhausted bearish , a…