tonyferrino

fibo retracements .....in Uj

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
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7
Its worth looking at a short in uj here at 111.00/10 area , this is the 61.8% retracement of the fall we saw late yesterday. Yesterdays high also came up to 111.45 which is also 61.8% retracemnt of the fall for the week from monday to wednesday and we subsequently fell to make a low of 110.22 area. I think its worth a short here between 111.00/10 for another test of the lows of 110.22 if not substantially lower


your thoughts please ????