Yen arbitrage tightening, or will it face the next round of adjustments?
Last week, after the Federal Reserve's interest rate cut, the price surged to 94500 before starting to pull back,
The market did not break through this oscillation range structure under the expectation of easing, so this week, under the impact of yen policy tightening, the panic index rose to 16, and the downward pressure faced by the market increased significantly, with a focus on high volatility!
Today, the weekly line closed with an inverted hammer, the daily line shrank significantly with a large bearish candle breaking the middle track support reaching the 8760 support before starting to rebound. Currently, the small-scale moving averages are showing a high arrangement.
It is recommended to short around 90800 and 91300, with an initial target of 87600, and if it breaks down, look for 85000.
