RationalTrader

short term relief in negative trend

FX:EURJPY   Euro / Japanese Yen
75 2 5
Last days price increase will meet quite some resistance around 117 as shown on chart. I doubt it will break.
Comment:
snapshot
Comment:
snapshot



Possible movement downwards on 1H frame. Downward will mostly likely come sooner or later. Big ressistance next at around 116 as well
Comment: Sorry not 116, but 117 (fib 0.618)
sO WILL THIS A RETRACEMENT IN A put as far down to say 111.6....?
Reply
RationalTrader Trader1968
Yes that is the next price level I will watch closely - around 111.5
Please see my long term view;
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