FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading
TST as the Foundation for Medium-term Trading
And lastly, what I want to draw attention to this morning is that USD/JPY is indeed pushing towards a new high, as expected since yesterday, but it does not align with the medium-term expectations. The medium-term expectations remain at 149.15 and 147.50, where levels of an unworked mandatory zone and an unfilled gap continue to persist. It is also worth noting that I do not consider the gap mandatory for price closure, but this event always carries a high probability, especially at a "relative" market peak. Once again, I emphasize that the market peak I see here is "relative" and I anticipate a correction. It may turn out that it's not even the peak at all:))).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade