USDJPY-Weekly Market Analysis-May22,Wk1
As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution.
At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion.
Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.
At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion.
Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.
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