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USD/JPY Gravitates Towards 50% Fibo

Discussion in 'Technical Analysis' started by Kaitlin, Sep 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Investors sold the American Dollar on Monday, due to uncertainty emitting from the US political debates that day. As a result, the USD/JPY currency pair crossed the nearest demand area, represented by the monthly S1 and the 50% Fibo. However, a significant drop lower would still be an achievement, as[​IMG]

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