My previous ED count for the USD/JPY pair was incorrect, and price was held near the 61.8% Fibonacci of the A wave. Since completion of the diagonal, price has broken through resistance and then retraced to re-test the new support line. Expect a complete retracement to the starting point of the diagonal to around at least 90.50 over the next session and continues USD strength against the Yen.
nice technical analysis!!
ReplyDeleteThank you.
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