Currency bias: JPY strengthening,
Most of the jpy pairs are showing signs of resistance with the momentum slowing down along with potential indications for reversal. It is with this bias, I am looking at few jpy pairs such as gbpjpy, eurjpy, and audjpy.
Pair showed an impulse movement from 85~82 with now retracing back to the golden levels, providing opportunity for short.
have presented my fib analysis on the chart and happy to receive comments :-)
Below 82, this pair will provide good movement...keep watching this space for potential entry levels.
Most of the jpy pairs are showing signs of resistance with the momentum slowing down along with potential indications for reversal. It is with this bias, I am looking at few jpy pairs such as gbpjpy, eurjpy, and audjpy.
Pair showed an impulse movement from 85~82 with now retracing back to the golden levels, providing opportunity for short.
have presented my fib analysis on the chart and happy to receive comments :-)
Below 82, this pair will provide good movement...keep watching this space for potential entry levels.