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USDJPY - Psychological 100.00 Support Under Pressure Again After Recovery Stalled At 101 Zone

Discussion in 'Technical Analysis' started by Kaitlin, Sep 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Near-term focus is shifting towards strong 100.00 support zone, as fresh weakness emerged from the zone just above 101.00 barrier, where multiple recovery rejections occurred. The pair dipped from session high at 101.06 to 100.42 and retraced over Fibo 61.8% of 100.08/101.23 near-term recovery. Falling daily cloud and bear-trendline off[​IMG]

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