short term relief in negative trend

Euro Fx/Japanese YenFXCM

Description

⋅ Sep 1, 2016 9:50 AM

Last days price increase will meet quite some resistance around 117 as shown on chart. I doubt it will break.

⋅ Sep 4, 2016 3:02 PM

⋅ Sep 6, 2016 12:24 PM

Possible movement downwards on 1H frame. Downward will mostly likely come sooner or later. Big ressistance next at around 116 as well

⋅ Sep 6, 2016 12:26 PM

Sorry not 116, but 117 (fib 0.618)

Comments

Robot_Jox

⋅ Sep 1, 2016 9:54 AM

sO WILL THIS A RETRACEMENT IN A put as far down to say 111.6....?

Chartist4312

⋅ Sep 1, 2016 10:13 AM

Yes that is the next price level I will watch closely - around 111.5
Please see my long term view;