Mighty Yen ready for relief rally?
After January's bullish engulfing candle, price managed to stay above in this critical 61.8 fib area from all time lows to highs.
A close above 9930 can see first 1,0111 area and then 1,0330 and probably higher, before they will start printing more than the markets are expecting, as they are forced to.
Momentum positive divergence helps, as it did during 1998, 2002 and 2006
A close above 9930 can see first 1,0111 area and then 1,0330 and probably higher, before they will start printing more than the markets are expecting, as they are forced to.
Momentum positive divergence helps, as it did during 1998, 2002 and 2006
Penafian
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