#USDJPY - Weekly
For this pair, things are a bit tricky because while the USD is in high demand right now, JPY is a safe haven currency. so in short term USD might overpower JPY, but once the money starts to move towards safe haven currencies and commodities like gold, we might see this pair diving for the PRZ area at 85.000
I have used red arrows for the bearish case and green arrows for bullish case.
keep in mind that even for the bearish case we might still see a touch of PRZ area at 117.500 before moving down towards 85.000 (I just didn't want to draw the same arrows in two colors)
For this pair, things are a bit tricky because while the USD is in high demand right now, JPY is a safe haven currency. so in short term USD might overpower JPY, but once the money starts to move towards safe haven currencies and commodities like gold, we might see this pair diving for the PRZ area at 85.000
I have used red arrows for the bearish case and green arrows for bullish case.
keep in mind that even for the bearish case we might still see a touch of PRZ area at 117.500 before moving down towards 85.000 (I just didn't want to draw the same arrows in two colors)
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