USDJPY is trading a parabolic arc low 102.591 to high 151.944 on its daily chart.
The price has aggressively broken down the 38% fibonacci support at 133.066.
Parabolic Arc Patterns are long term patterns, but most of the upside return to at least 50-62% of its prior rise in correction mode
The price has aggressively broken down the 38% fibonacci support at 133.066.
Parabolic Arc Patterns are long term patterns, but most of the upside return to at least 50-62% of its prior rise in correction mode
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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.