BASED ON MY ANALYSIS WE COULD PUT THE PO SELL LIMIT AROUND THE RED HIGHLIGHTED FIBO AREA IN BETWEEN 61.8% - 50% WOULD MAKE A GOOD TRADE SETUP. THEN THE FIBO LEVEL RANGE IS ON THE SAME LINE AS THE TREND LINE WHICH IS PARALLEL TO THE PREVIOUS LOWER HIGH. BUT WATCH OUT FOR THE BREAKOUT ON THE TRENDLINE , THE NEWS BOE ON "Average Earnings Index 3m/y " MIGHT HAVE...
My analysis assumes that the YEN may rise this week and gonna be strong because of BOJ policy Rate this Friday. Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200. Just make sure to watch the margin level and...
Based on my analysis, the price may be bull and go up until 148.352 and the price would probably play around that area and goes back down 140.397 . If the price candle close above the resistant line which is the same on December Hike 2016 . It may continue rally up to 151.916 . Watch out for the Big news tomorrow on GBP -MPC Official Bank Rate Votes & Inflation report .