U.S. Dollar / Japanese YenUpdated Long THE FIBO 78.6 + Support
Dollar Yen had a deep move downside after the Fed Rate news.
No matter if it continues on downside or reverse to upside, there should be some kind of patterns at support levels to before next move.
The FIBO 61.8 was failed to hold the move down because of the very strong selling pressure, so that responsibility now is given to the FIBO 78.6. And look to the LEFT, there is support zone giving the FIBO 78.6 more power.
No matter if it continues on downside or reverse to upside, there should be some kind of patterns at support levels to before next move.
The FIBO 61.8 was failed to hold the move down because of the very strong selling pressure, so that responsibility now is given to the FIBO 78.6. And look to the LEFT, there is support zone giving the FIBO 78.6 more power.
Note
Seem the falling wedge is going to be broken.Order cancelled
Sellers seems strong. Trade closed
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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.