AUDJPY and USDJPY Analysis Video
This week we are going to be looking at two Yen pairs markets. AUDJPY and USDJPY
Price is technically in a downtrend. We can see that price is in a daily supply zone from 110.62 up to 111.42 and looks like it could be the last hurrah for the downtrend. Price has broken 3 major pivots to the upside which makes this supply zone weak. There could be a nice little move back down which long term could help for a new demand zones as price flip-flops in this general area. Overall, for this week. I’m looking for price to go back down and to the newly form daily demand zone at 110.81 down to 109.60 and bounce there as I think the downtrend is over.
On AUDJPY this week,
the market has found the uptrend again and now I’m looking for price to come back down and retest the newly formed daily demand zone . I would like to see price move to the whole number of $90. Then push back down to the new daily demand zone at 89.34 down to 88.56 . I love the wave motion on this market and would like to see it continue for one more push maybe even breaking into $100. Overall for this weeks forecast, I’m think up to $90-91 then back down to the daily demand zone.
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