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Japanese Yen Futures
Panjang

Japanese Yen Is Trading At The Support

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Japanese Yen has been one of the weakest currency in the last couple of months. But, looking at the JPY Futures chart, we can see it finishing a larger A-B-C corrective decline, while it's trading at the support, which can cause reversal and recovery for the Japanese Yen.

Even COT data of the japanese Yen shows extreme levels for Large speculators (green). It means that we may see some slow down of a current bear move, or even rally in the months ahead.
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Chart PatternscorrectioncurrencyelliotwavecountForexfuturesjapaneseyenjpysupporttecnicalanalysisTrend AnalysisWave Analysis
ew-forecast
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.