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USDJPY Market Outlook – 8 Aug 2018

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Here is the current market outlook of USDJPY. In both lower and higher timeframe, USDJPY shows that its bullish momentum is rather reversed manner. With the formation of bullish Shark pattern, USDJPY gone up nearly 150 pips. However, it does not show any more momentum yet. It stopped at exactly around the third PRZ Type B levels and the price reversed. At the moment, USDJPY is coming back its first PRZ Type B levels. if this is penetrated then we would be seeing USDJPY to test demand zone on the bottom.

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