USDJPY recently completed the first phase of the accumulation cycle, indicating the beginning of the subsequent stage, propelled by the sustained bearish momentum of the dollar. Despite conflicting signals from the RSI and MACD, both suggesting a bullish trend, the price action displayed a failed ChoCH followed by a bearish rejection below the swing high from December 19th. During this consolidation phase, close observation is key. Monitoring the JXY's upward momentum alongside USDJPY's …
Rally finished, bears about to show their strength again
USDJPY recently completed the first phase of the accumulation cycle, indicating the beginning of the subsequent stage, propelled by the sustained bearish momentum of the dollar. Despite conflicting signals from the RSI and MACD, both suggesting a bullish trend, the price action displayed a failed ChoCH followed by a bearish rejection below the swing high…
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