USDJPY on the 4h chart has moved in a series of lower low lower high.
The price after the recent low has retested the previous support, turned resistance, at the 50% of the impulse.
The market can now create a new recent low and we will wait for a potential break of the support at the 0.382 Fibonacci level and look for a nice short order according to the Plancton's strategy rules.
The price after the recent low has retested the previous support, turned resistance, at the 50% of the impulse.
The market can now create a new recent low and we will wait for a potential break of the support at the 0.382 Fibonacci level and look for a nice short order according to the Plancton's strategy rules.
Comment:
lower low as epxcted
Comment:
a bounce over the support as expected
Comment:
possible bearish continuation below the structure