Is JPY ready to plummet
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We saw JPYX go up in a rising channel and topped at 866 then reversed, which is usually a reversal sign after a sustained move to the upside.
Market then traded and broke out of the channel as well as the 851 key support, which confirmed that sellers had stepped in.
We then traded below and broke 840 and retested it as resistance.
With the weekly timeframe having a double top around 863, coupled with negative divergence, could we see a continuation leg down on JPYX to revisit the lows at 825.
Market then traded and broke out of the channel as well as the 851 key support, which confirmed that sellers had stepped in.
We then traded below and broke 840 and retested it as resistance.
With the weekly timeframe having a double top around 863, coupled with negative divergence, could we see a continuation leg down on JPYX to revisit the lows at 825.
Trade wurde manuell geschlossen
Closed trade after market rejected on the lows
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