USDJPY - heading for 106 before the rally up starts ?
On a weekly view still working on the handle as part of the Cup with a handle formation.
The next key level is 106:
- 106.48 is at the 38.2% retrace level of the 2016 low
- 106.66 is at the 61.8% retrace level of the low of the Cup.
It should go down to 106 in 2017 and then start heading up to 120 in 2018 and probably 130 in 2019
The next key level is 106:
- 106.48 is at the 38.2% retrace level of the 2016 low
- 106.66 is at the 61.8% retrace level of the low of the Cup.
It should go down to 106 in 2017 and then start heading up to 120 in 2018 and probably 130 in 2019
Comment:
Comment:
113 then 106