tonyferrino

fibo retracements .....in Uj

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
7
Its worth looking at a short in uj here at 111.00/10 area , this is the 61.8% retracement of the fall we saw late yesterday. Yesterdays high also came up to 111.45 which is also 61.8% retracemnt of the fall for the week from monday to wednesday and we subsequently fell to make a low of 110.22 area. I think its worth a short here between 111.00/10 for another test of the lows of 110.22 if not substantially lower


your thoughts please ????
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.