Quick plot to map some Support and Resistance zones.
UJ apears to be in an ABC correction that is nearing completion. Wave C shows a perfect 5wave structure, with wave 5 to come. Initial velocity of wave A hints at a possible extended wave C.
107.58-.60 is the "prescribed" target. 107.35-.38 is the "extended" target. 107.22-.23 is the "risk panic" target.
Chart Notes: Drag UP on the PRICE scale to reduce overlapping numbers. Drag RIGHT on TIME scale to reveal more history and fibs.
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(exact entry within Pips) (recent perfect entries) (in time, to the Pip) (scalp that ran hard) (perfect top, huge profits) (the very tip-top a year ago) (perfect entry, huge profits) (just in time, quick 70 pips) (Upthrust warning just in time) (perfect short a year ago) (perfect long to short flip) (caught most of the spike) (Perfect entry, still in play) (Prefect entry, almost done)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.