848evo
Short

[ANALYSIS] USDJPY Taps off 61.8, but Keeps Moving Down

FX:USDJPY   U.S. Dollar/Japanese Yen
641 0 4
USDJPY             has lightly touched off the 61.8 retracement, but quickly recovered showing a strong down pressure. I'm expecting PA to follow the TL's and slowly make it's way down to around 110 area before a bounce back up to retest the box breakout and then heading back further lower.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.

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