#USDJPY weekly view
1-Double top, 114 being a though resistance, to confirm the uptrend we need a close above 114.40-50
2- Closed weekly below 114
3- Gold is oversold
Overall, It still can give one more push but I believe it needs to retrace the 61.8 Fibo (106.45)
1-Double top, 114 being a though resistance, to confirm the uptrend we need a close above 114.40-50
2- Closed weekly below 114
3- Gold is oversold
Overall, It still can give one more push but I believe it needs to retrace the 61.8 Fibo (106.45)
Comment:
Please note that the 114ish is also the 0.23 Fibo...It needs absolutely a close above previous high 114.40-50
Comment:
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