As the USDJPY is showing an overbought situation on Parabolic, the market is signaling a bear downturn with the breakout under the previous swing low opening up potential for a wash to 114.76. Trade is poised for follow through pressing declines. Any corrections will likely stay trapped below 116.00.
Last Updated Date: 6 January 2022 @ 11:53 AM (UTC)
*Please note that all the dates are in GMT time zone
