forex_managed_account_1

USD/JPY Breaks Monthly 38.2% Fib Support With Style

Discussion in 'Technical Analysis' started by Kaitlin, Jun 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    6,880
    Likes Received:
    0
    The EUR/USD did not break below the 61.8% Fibonacci target and therefore did not extend the bearish 5th wave. The bullish move has decent momentum and has been labelled as a wave A (blue). The Fibonacci levels of wave B (blue) are expected to act as support. A break below[​IMG]

    Continue reading...
     

Share This Page

free forex signals