USDJPY More Downside Potential, Wait For Sell Setup

16 Mar 2023

USDJPY has been pushing down since it hits the previous highs to form a double top.

With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way.

Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity.

Wait for current correction to complete to push the price down even more to previous lows.

20 Mar 2023

Not

if price can break this low
and form continuation price action
it can push down the price to next low