Hi community,
The pair USDJPY has boring time from start of this year. I try to find out something in long-term. And result as below
1. Monthly chart: It has been six months consolidation when hit 105.4 (fibo 61.8 in monthly chart), test 100.8 two times. Monthly chart is falling down and could test 100.8 again. So this times Bulls can hold or not??? Potential target could be 99.85!
2. Weekly chart: The trend line has taken and now there are more room for Bears.
My target: 99.9 on 1 st of August!…
The pair USDJPY has boring time from start of this year. I try to find out something in long-term. And result as below
1. Monthly chart: It has been six months consolidation when hit 105.4 (fibo 61.8 in monthly chart), test 100.8 two times. Monthly chart is falling down and could test 100.8 again. So this times Bulls can hold or not??? Potential target could be 99.85!
2. Weekly chart: The trend line has taken and now there are more room for Bears.
My target: 99.9 on 1 st of August!…