How I see Dollar/Yen going in the next week or so. I see it going short due to the break of structure at 112.4 - 112.3 I see it retesting that break and continuing downward to around the high 109 area possibly 108.9 area. Of course only time will tell. My original mark up was on the h4 timeframe but I broke it down to the h1 to see a short term possibility.
I believe Eu is going to drop there is a head and shoulders on the daily and it retested the area for a second time as well as broke the neck line. I think it will go down to 1.08 area.
I think that EurUsd will be dropping in the upcoming days. I say this because of a Head & Shoulders on the daily chart. It also retested the and now has broken the neckline. If anyone thinks differently please let me know but the is my analysis so far for.
I'm still trying to get the hang of all this. But I do think that EU in the upcoming week will rise a little then drop to maybe around 1.13500 to 1.12800 ... Anyone have any ideas on this pair?