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USDJPY - Fresh Bullish Acceleration Approaches Strong Cloud Base/Trendline Resistances At...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Today's strong bullish acceleration above near-term congestion top posted fresh high at 101.73 (Fibo 61.8% of 102.77/100.05 downleg), signaling further recovery extension off 100.00 base. Extended recovery approaches strong resistances at 102.20 (daily cloud base) and 102.32 (bear-trendline from 111.43, 30 May high), where near-term bulls are expected to find[​IMG]

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