💱USD/JPY Chance For A Correction💱

💱USD/JPY Chance For A Correction

💱The Japanese yen today scored a strong wave of appreciation.

💱But the end of the day lifted the price a bit.

💱Looking at the candlestick formation and price action it looks like there is a good chance to make a small upward correction.

💱I established a support zone near the recent lows.

💱The resistance zone is located around the 0.236 level of the entire downward wave.

💱The scenario I am playing out is the execution of a small upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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