Alexius Agrata / 个人资料

Whats ur take on this?.. If price respects the Double Bottom pattern and we can look at this just like a retracement of the neckline, also if the area around that level holds, then we can expect a continuation to the upside towards 0.98000. However if the level fails then we can guess what will happen.

Currently, USDJPY's price is currently caught between a strong supply and resistance zone . The price action combined with the Relative Strength Index is staying strong, but USDJPY has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish , and a downtrend or valuation adjustment could soon follow.