As the price has tried to push upwards this year but has met resistance at fib levels and so forming a descending triangle pattern this year (or at least a descending channel, not drawn here).
The price has been performing in a bearish KUMO area since march and I do believe that we wont be seeing any higher prices going much over 950-960 in near future (KUMO and...
After opening on monday morning the projection of the future Kijun for the next 10 hours will be flat at 122.40, then slightly increasing. This level also corresponds with the 50% fib drawn from fridays low to high.
Flat Kijun (acting as a rubber band effect) and 50% fib. @ 122.40 will act as strong support and price will again go up from here since the ujsdjpy...
