➡️ The US dollar remains strong against the Japanese yen thanks to stronger US yields. The divergence between the Bank of Japan and the Fed is widening. The growth potential of this pair has fully justified itself and most likely now the price will be in the range of 121.315 - 125.085, forming a potential balance.
Technically, there are signs of buying the yen and a likely downward movement can be considered at the level of 125.085. The main task of the sellers is to close/fix the price below the given level. Once this is done, one can start to open shorts. For the upcoming week, a sure target is at 123.153. The downside potential lies at the lower boundary of the expected balance, namely at the level of 121.315.
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👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Technically, there are signs of buying the yen and a likely downward movement can be considered at the level of 125.085. The main task of the sellers is to close/fix the price below the given level. Once this is done, one can start to open shorts. For the upcoming week, a sure target is at 123.153. The downside potential lies at the lower boundary of the expected balance, namely at the level of 121.315.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
