Daily chart shows us how there was a bearish market starting from the beginning week of June. It had retraced off the 50% fib level and I included the fib extension tool which shows that bears took full control toward 127.2% fib extension area after that retrace. If you look left on the chart you will see price hit the support area previous times that it also around the 127%. Bouncing off and going into a changed direction ( bullish )
My analysis is that price will just repeat that move and become bullish. If you agree please like or comment your input.
Do you think usdjpy is bullish or bearish going into the new month of August ?
My analysis is that price will just repeat that move and become bullish. If you agree please like or comment your input.
Do you think usdjpy is bullish or bearish going into the new month of August ?