USDJPY: GOLDEN OPPORTUNITY Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 16, 2018 4:01 AM

Decided to let out this GOLDEN ANALYSIS for you guys out there... Daily candle rejection of resistance area around 107.318 which also coincides with 38.2 fib level.

MUCH MORE DOWNSIDE TO COME..

Comment

⋅ Mar 16, 2018 4:03 AM

Perfect rejection of H4 resistance zone. Confirmed bias is bearish with a strong bearish candle too. Confirmation is needed now with a close of momentum bearish candle.

Comments

dsalehi

⋅ Mar 16, 2018 6:13 AM

I'm guessing she'll find a little support around 103.3ish at least for a bounce

yin888

⋅ Mar 16, 2018 5:22 PM

@dsalehi, We might see rejection of trendline to support areas drawn where we might see some bounce up. Lots more downside to come for yen pairs I reckon.

dsalehi

⋅ Mar 16, 2018 6:12 AM

It's got one last bounce before a big dump tomorrow in my opinion. In for tonight's bounce

thdehddns

⋅ Mar 16, 2018 4:15 AM

it hit 101

yin888

⋅ Mar 16, 2018 4:18 AM

@thdehddns, Sorry, I don't understand you

thdehddns

⋅ Mar 16, 2018 4:20 AM

@chongyinliang, mean it will be down 101

yin888

⋅ Mar 16, 2018 4:22 AM

@thdehddns, Certainly a possibility with the previous swing low at that area.