Strong support at 189.231. If the price breaks the resistance at level 192.064. The next resistance is around 193.414.
But if you will look on the weekly TF; The market is slowly mitigating the FVG. Once it mitigates, i think the price will fall. And it makes more sense, because of US is planning to cut interest rates in September and Japan will do the opposite.
The market is buying time, slowly mitigating the FVG. Waiting for the interest rates decision (Fundamental).
But if you will look on the weekly TF; The market is slowly mitigating the FVG. Once it mitigates, i think the price will fall. And it makes more sense, because of US is planning to cut interest rates in September and Japan will do the opposite.
The market is buying time, slowly mitigating the FVG. Waiting for the interest rates decision (Fundamental).
Note
It looks the Market has now started to sweep the PDL array.Note
*Correction, Market swept the PDL to pump the price.
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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.