Support Broke And Retested As Resistance 38.2 Fib Bounce Trend Continuation
Looking for price to tap 111.50 and continue to decline , first target being 109.50 . If we continue lower then that, 103.00 is where i see USD/JPY falling to .
trend continuation trade 61.8 fib retracement bounce
If we see a break and close of the 1.2500 level I am expecting USDCAD to fall heavily possibly for the next few months
-38.2 fib bounce -structure break and retest -Overall Uptrend -1.31500 key level
simple structure break and retest with the trend .
Could see another equal measured swing to the downside from the swing that happened end of 2016 until May. Looking for Price to fall to 123.00 - 123.25 . This is a very long term bias but i see Dollar weakness for the next couple of months .
Further Dollar weakness maybe through the whole 3rd quarter of the year.