- The pair followed the flash crash of USDJPY after the Japan 2 day Bank Holiday and the Apple profit warnings report, followed by un upward trend
- Gold epectations for higher price and the oversold that happen last week may drive the pair to highs as 0.7250-73.00 where the 800 ema is currently.
- Also the 31& 50 emas are expected to cross
- The pair may face resistance at the Fibonacci resistance levels of 0.7150-0.7140 + the 200 ema at the same level.
- A break over this resistance points its an expected upward move to 0.73
- Gold epectations for higher price and the oversold that happen last week may drive the pair to highs as 0.7250-73.00 where the 800 ema is currently.
- Also the 31& 50 emas are expected to cross
- The pair may face resistance at the Fibonacci resistance levels of 0.7150-0.7140 + the 200 ema at the same level.
- A break over this resistance points its an expected upward move to 0.73