USD /JPN
My feeling is a downward trend that will reach 111.725
That will match the fibonacci retracement of 38.2%
Then up again untill 113.214 (23.6% fibonacci retracement)
And then a huge downward trend untill 107.7
That will match the fibonacci retracement of 38.2%
Then up again untill 113.214 (23.6% fibonacci retracement)
And then a huge downward trend untill 107.7
Note
After reaching 113.214 we have a perfect head and shoulder pattern which wil generate a huge down trend!
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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.