USDPY is trading higher and now forming
much sharper and extended pull-back from 93.78 than previously thought.
However, rise is still in three waves with wave C now approaching to important
resistance area at 101.50-102.00 where we can see 78.6% retracement of wave
A)/1) and as well as wave A=C level. As such, that’s very important zone for a
possible turning point. But only impulse
sell-off from here and back to 99.00 will confirm our bearish bias.
Do you like our analysis? You want more? Now it’s your time, get our services now for 2 Months for Price of 1.
No comments:
Post a Comment