USD/JPY dropped today to 112.42. Indicators
on H4 are showing oversold conditions and lack of directional stregth. Below
today low the pair is likely to retest 112.00.
meparsal_carleo: why dont we create a new thread for this. We have been using the same thread since 2016
No need new thread for that because technical analysis and forecasting are not the main content for the forum. You can use more recent thread for example: Forecast and levels for USD/JPY
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It pulled back from 113.30 and I think we may see a correction to 112.80 but the upward trend hasn't ended yet.
Staying out of this for the week i think.
The pair is almost at 112.80, I think that if it breaks out below that level it will keep depreciating to 112.00.
USD/JPY dropped today to 112.42. Indicators on H4 are showing oversold conditions and lack of directional stregth. Below today low the pair is likely to retest 112.00.
why dont we create a new thread for this. We have been using the same thread since 2016
No need new thread for that because technical analysis and forecasting are not the main content for the forum.
You can use more recent thread for example: Forecast and levels for USD/JPY