The greenback/JPY has lasted from 158.86 final week and there’s no signal of the underside but. The preliminary bias on the detrimental aspect stays this week in comparison with 139.57 help. On the higher aspect, a 148.26 break is required to consult with the underside within the brief time period. In any other case, Outlook will stay down within the case of restoration.
Within the largest picture, worth actions are seen from 161.94 as an genuine sample of 102.58 (2021 low), with a lower from 158.86 as a 3rd station. A robust help from 38.2 % from 102.58 to 161.94 at 139.26 must be noticed for restoration. Nevertheless, a sustainable break from 139.26 will open a deeper lower within the medium time period to 61.8 % in 125.25.
Within the lengthy -term picture, it’s nonetheless too early to conclude that the path of 75.56 (Low 2011) has ended. The medium -term correction stage ought to begin, with the specter of a deep correction of about 55 meters (now at 137.18) till beneath.
2025-04-12 14:53:18