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sosachamberlain
Jan 7, 2019 1:42 AM

Next Target for uj 112.00 Long

U.S. Dollar/Japanese YenFXCM

Description

We can see the previous FIB has been completed and that there’s a possibility of a pullback as price has formed a huge Bullish candlestick almost engulfing the previous candle and close above the 108.00 Weekly K.L. Therefore my bias for this pair to rally to 112.00 before we can form our next bias for the pair. IF NOT then price will test the M.As as resistance then continue to fall towards 108.00 and beyond.
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