so after a triple tap of the resistance leve also inline with the 71% fib holding well . looking a move of around 150 pips gpb is getting weaker and weaker .
so the golden box has been tapped and rejected with a perfect fib rectracment despite the news last night. my biased opinion is long to at least highs of 1.9911 if not 1.9980
finally after the 15th of april high was hit now retraced to the 61.8 fib could touch down to the 71.00 fib but looking to a new high to TP1 -27.00 fib extension this is a risky trade as we do look in a strong down trade but eurojpy usually respects the fibonacci
61.8% BEEN HIT AND HOLDING AS SUPPORT!!
LATEST 4H CANDLE STICK CLOSES AS A HAMMER I WOULD SUGGEST GOING LONG AS WE WOULD BE HAMMERING OUT THE BOTTOM FINDING NEW SUPPORT!!
AFTER WEEKS OF LOWER LOWS BEING CREATED AND 68.1% FIB BEING HIT AND NO CANDLES BEING ABLE TO BREAK ABOVE JUST WAITING FOR THIS TREND LINE TO BE BROKEN FOR CONFIRMATION TO ENTER SHORT TO CREATE A NEW LOWER LOW....!!!!!
After 5 days of consolidation above the weekly resistance now support . also a fake breakout yesterday and MA's still in the biased direction in the weekly daily and 4 hour. i favour a long position for 118 pips.
so its been a great couple of days for xrp. xrp finally breaking the downside trend line and actually closing on an upwards trends followed by support. so 1 more day till the sbi get there logging details and 3 days till fully live . (my first prediction after study the crypto for few months)
