Break first resistance testing as support
Head and shoulders can be seen as in alid but not completely off the cards yet
Main re8sistance for bullish movement is 104.07
Usdjpy did break thru but pulled back made a shooting star from breakout point of pervious drop.
102.944 astimated major support level on the monthly weekly daily and all lower time frames.
We could see a bulliah break before major support get tested
It seems this level is where the big boys place there bets.
If market gets to 102.944 or 101.8
We either see a massive bullish spike or a drop to lower level
102.944 or 101.8 could be seen as a major psychological level
Hance major rejections to higher price levels could be on the cards for usd jpy
A good idea would be to wait till unpredictability subsides and see where this battle between bulls and bears will go
Head and shoulders can be seen as in alid but not completely off the cards yet
Main re8sistance for bullish movement is 104.07
Usdjpy did break thru but pulled back made a shooting star from breakout point of pervious drop.
102.944 astimated major support level on the monthly weekly daily and all lower time frames.
We could see a bulliah break before major support get tested
It seems this level is where the big boys place there bets.
If market gets to 102.944 or 101.8
We either see a massive bullish spike or a drop to lower level
102.944 or 101.8 could be seen as a major psychological level
Hance major rejections to higher price levels could be on the cards for usd jpy
A good idea would be to wait till unpredictability subsides and see where this battle between bulls and bears will go
