USDJPY: Bearish Gartley at Top of Symmetrical Tri
USDJPY climbed for the 2nd day this week while trading between the range of 110 and 109.50.
USDJPY climbed for the 2nd day this week while trading between the range of 110 and 109.50.
There has been an increase of demand for safe-haven assets such as the Yen and Gold due to the outbreaks. Yen particularly has had a gap when market opened, strengthening the bearish trend.
A new major bearish trend has just begun for USDJPY. It was seen coming since it broke below a 42-month rising channel in early August 2019.
USDJPY has just completed a mini ABCD, a consolidation of 2 waves of movement in the same direction of equal time and volume, and is likely to climb further to…
USDCHF has turned bearish ever since it fell and broke below a previous low at 1.0130. The retracement has started and lasted for the whole of last week and finally…