Yen strength is predominant during this morning’s european opening and dollar weakness is bound to continue if signals like this one persist.
The usd/jpy has recently broken through an important trendline support area at 91,60 (38,20% Fib) and could be looking foward to test 91,00 area (61,80% Fib) during today’s session.
RSI on 15 minute chart entering oversold zone.
Usd/Jpy 15 minutes chart:
César B.Leiceaga
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dear cesar
hello
my forcast about eur was correct and we have final move to main res 1.4840. so i think correction in jpy is not complete and we have final upmove to 93.30.
best regard
Dear A-SOLTANI,
You were totally right, my pullback theory on EUR/USD has not been completed. Meanwhile the usd/jpy is holding onto the 50SMA on the 4 hour, let’s see if 91,00 area holds for further gains in this pair.
Regards.