H4 price is located near and abocve SMA with period 200 (200 SMA) for the primary bullish market condition with the secondary ranging within key support/resistance reversal levels. If the close H4 price will break 36.11 resistance level so the primary bullish trend will be continuing.If H4 close price will break 33.77 support so the reversal of the price movement from the primary bullish to the primary bearish trend will be started up to 31.94 target to re-enter.If not ...
"When the Yen strengthens as it has at the beginning of 2016, there is often stress in the global economy. So far, the JPY has strengthened by ~2.5% to start the year vs. the US Dollar while most currencies, most notably the commodity currencies have weakened aggressively. USD-JPY is in a precarious position much like the global economy is in a precarious position. Many expect a rally in risk, even if it is just a short-lived rally because we have been trained like Pavlov’s dog to expect a bounce ...
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