【XEMJPY】Will 11 Yen NEM still fall further!?

On August 12, in the post titled "[XEMJPY] The downtrend continues to push lower," we reported that NEM (XEM) was continuing to set new lows. On the 14th, it seemed to dip into the 10-yen range, continuing to make new lows. Afterwards, it formed a lower shadow and reversed, and on the 18th it recovered to the 13-yen range, but it formed a bearish candle. Looking at the technicals, the band that had been trading below -1σ was interrupted as it rose above -1σ, but today it appears positioned to be pushed down again. If it falls below -1σ once more, further new lows become more realistic.