usdjpy short swing trade
looking at the fib swing from the top to bottom on the weekly we appear to he at 50% retracement right now on a downtrend. i don't see it reaching the top of the supply zone, but anything is possible. i'm first expecting a fall down to 107.4 and possibly a bearish breakout below the trend line to continue a downtrend.
if the bulls do take full control and bring us up to 109 area ill be expecting us to continue traveling up to 111.400 to test the previous high.
thoughts? cheers!
if the bulls do take full control and bring us up to 109 area ill be expecting us to continue traveling up to 111.400 to test the previous high.
thoughts? cheers!
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