Forex | Will JPY Momentum Carry Forward and Set Off Further Selling?
| Today’s focus: JPY AUDJPY GBPJPY | |||||||||||||||||||||||
| Pattern | Fade Resistance holds | ||||||||||||||||||||||
| Possible targets | AUDJPY | 92.50/92.30 | |||||||||||||||||||||
| GBPJPY | 173.39/172.95 | ||||||||||||||||||||||
| Support | AUDJPY | 92.30 | |||||||||||||||||||||
| GBPJPY | 173.15 | ||||||||||||||||||||||
| Resistance | AUDJPY | 93.30 | |||||||||||||||||||||
| GBPJPY | 174.20 | ||||||||||||||||||||||
Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing a turn in momentum? Both of these markets showed strength in the short term or sit in uptrends.
After seeing the fades yesterday and today combined with resistance, could this be of sellers gaining control?
Today’s Analysis Video
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