JPY futures overview
We are getting requests about JPY pairs.
FOMC minutes will be released. Markets focused on the minutes. Risk of high volatility. Our view on USDJPY and Dragon is as follows.
Completed head and shoulders. First target 108.240. A bullish Gartley on M30 chart would be completed at 108.240. Two possible scenarios: 1) Break below 108.240 would carry the price 107.95 and 107.500. 2) Potential bullish reversal at 108.240 to test the flag 108.850.
Bearish triangle and SHS pattern breakout 138.100 – 138.00 would carry the price 137.630 key support. Break below would carry the price 137.170 and 137.700. Ultimate target 135.800.
Bullish Scenario: Reversal at the 138.100 support and bullish breakout of the triangle at 138.900 – 139.00.
AUDJPY CADJPY NZDJPY EURJPY CHFJPY will be published.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
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