JXY forecast W1
Previous historical low was respected (May-August 2015) and commenced rally, before forming what seems to be a bullish Elliot triangle wave. Support formed at 1.618.
3.382-3.618 Fib area should prove to be strong resistance, with 96.9 being the target following a triangle breakout. Would want to see price finding support at 96.9 for the move up to the next trendline, which follow on from a previous triangle pattern.
3.382-3.618 Fib area should prove to be strong resistance, with 96.9 being the target following a triangle breakout. Would want to see price finding support at 96.9 for the move up to the next trendline, which follow on from a previous triangle pattern.
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.