Derari

Derari Jul 6, 2022

USDJPY is currently about to test a strong daily resistance which it has tested multiple times in the past few days and about to form a triple top. My bias for USDJPY is to the downside as long as the resistance lvl isn't broken, but it'll keep showing bullish momentum till it gets to that level

Derari Jul 6, 2022

Looking at the daily timeframe, there's no buying power, the sellers have been in play since 15 June 2022, on the weekly, the candlestick is looking to get to the predominant support at 0.97728, I feel the buyers would come into play once it gets to that level and it'll start a bullish run if it closes with a double top. The pattern it forms on the .97728 is key....