FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

USD/JPY is not behaving perfectly, but definitely well. It's unclear where we will start correcting the decline, but looking at the levels, scenarios from the current position to the upper boundary in blue and from the lower boundary of the channel in red are visible. The essence is the same, but the outcome can vary. If we reach the mandatory zone level, we may put the decline in an uncomfortable position unless we see a strong continuation downwards after this mandatory zone at 155.40. It would be preferable to move downwards earlier, for example from the balance point. However, this is just speculation since we haven't started implementing either the blue or red scenarios to talk about continuation. In short, my long-term view remains the same, but regarding the movement in the near perspective, I am looking at something described, either towards the mandatory zone or the balance point, and then we will see.