Hi Folks:
Here's my view on this pair. We are currently sitting on a pair of channel supports and current volatility seems to be helping the yen against most pairs (safe haven).
At this point we could retest thrice the previous low or bounce from here. Uncertainty in my opinion. Chances of bouncing 65%, and hitting previous low 35%. You decide. I'm off positions.
Cheers
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Here's my view on this pair. We are currently sitting on a pair of channel supports and current volatility seems to be helping the yen against most pairs (safe haven).
At this point we could retest thrice the previous low or bounce from here. Uncertainty in my opinion. Chances of bouncing 65%, and hitting previous low 35%. You decide. I'm off positions.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.