Breakout of 50 fib level and 130.58 support is confirmation of a continuation of the uptrend. We can expect the pair to first drop around 25-30 pips before continuing to the overall target of 132.573.
Also, Japan's equities were lower at the close on Thursday, as losses in the Rubber, Transportation Equipment, and Manufacturing sectors propelled shares lower, meaning the JPY ma have a drawdown causing the pair to rise.
Cheers to a good year of trading!
Also, Japan's equities were lower at the close on Thursday, as losses in the Rubber, Transportation Equipment, and Manufacturing sectors propelled shares lower, meaning the JPY ma have a drawdown causing the pair to rise.
Cheers to a good year of trading!