USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks ..,UJ forced the Fibonacci 0.5 zone from where it rejected and re-entered the range zone we were talking about in the past weeks!
I still bet on a descent to the 108,460 area and from there UP AGAIN
however ... a closure even for 1 day over the 111,000 area makes me think again of BUY up to the 12,800 area which is my final target for this period!
THIS WEEK...as I said last week, the UJ is forcing the 0.5 Fibonacci zone, which it could retest in the next period.
now it is in a period of range and I will wait to see how it closes this month!
A monthly closure over Fibonacci 0.5 even for 1 day will make me think of BUY up to the Fibonacci 618 undfe area ... DOWN AGAIN!
a rejection from the Fibonacci 0.5 area and a close below this area will keep my idea of SELL for at least 150-200 pips
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GREAT ATTENTION:
*This information is not a Financial Advice.
