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GrizzlyBearBee

Pitchfork and Fib Extension resistance comes into focus

Long
ZAR/JPY (CAPITALCOM:ZARJPY)  
GrizzlyBearBee  
CAPITALCOM:ZARJPY   ZAR/JPY
Fibonacci Support and Resistance Pitchforks Forex monetarypolicy safehaven
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fibonacci supportandresistance pitchfork forex monetarypolicy safehaven
The Yen is no longer as a safe haven with the BoJ indicating that they are not bothered with a weak Yen. I expect further weakness, anticipating that the ZARJPY, AUDJPY & NZDJPY being great plays for this weakness

The 0.618 Fibonacci extension lies ahead with the price target for 2022 being at the 100% level at 9.519.

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