As I showed in the last analysis, that the next stop for USDJPY if was able to breach Fib fan .0618 would be the bottom of the upper parallel channel which would between 120.9 and 121.0, and it did reach this point and its acting as resistance as I said.
Now I'm waiting for a confirmation of a drop (short) to 119.40 (Fan Fib 0.618) Which will act as support and will probably retouch VPOC and fall once again
Now I'm waiting for a confirmation of a drop (short) to 119.40 (Fan Fib 0.618) Which will act as support and will probably retouch VPOC and fall once again
Note
Title says EURUSD lol , its USDJPY
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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.