USDJPY Breaks Massive Triple Bottom Without Losing Bearish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Apr 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD made a bullish bounce at the support trend line (green) and is now moving towards the Fibonacci targets of wave C vs A. Price also has strong daily resistance levels nearby (reds) and the psychological round level of 1.15, which could cause price to pause or retrace.[​IMG]

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