As the chart shows, we can see that a strong Daily trend line has been broken today which confluences with the Monthly Pivot and various Monthly S/R. I would expect price to correct itself down to an area near the Pivot and the TL for a simple re-test.
We are seeing a lot of strength in the USD and a lot of effort by the BoJ done to weaken the Yen (Let's cut them...
I've set various s/r at daily/weekly levels which also respects .00 and 0.5 levels coincidentally maybe. I still see this pair go down a bit more before retracing to the upside heading for the upper trend line of the channel.
Why? Well we are about to hit the 0.618 at 134.229 (I would say we could reach the 134 before an actual bounce to the upside) which is a...
