FOREX WATCHLIST WEEK 47,2023

As the year draws to a close, we are witnessing major shifts in structure across multiple pairs. Low liquidity is a prevailing phenomenon in Q4, therefore, exercise caution.

USDJPY

Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal break of structure and a change of character. This informs our bearish set up. On the retracement, we shall seek sell limit order(s) at either unmitigated or fresh supply.