So as we can see the market reached to a strong resistance where it failed big time to break it so you can clearly see that we should potentially expect downwards movement until the end if the week. My personal target is 130.8 if I see JPY strength I may put target around 130.2 or 130.4. So far we mainly been downwards due to GBP weakness. You can also notice that after the big drop today the market is failing to retrace to 50-60 fib levels. Tomorrow's unemployment claims announcement shall help market go down as well. Let's see.
This is just my opinion and only for educational purposes only.
This is just my opinion and only for educational purposes only.
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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.