On the 15
minute chart of the Euro versus the Yen, we can see that the pair has been
retracing towards the 61.8% Fibonacci level, which could become a good
resistance for the price. If the 61.8% level is broken to the upside, then a
visit to the 76.4% Fibo is possible, around the 134.48 level. The 76.4% level
could become an even more important resistance.
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I don't think it will be able to break below 134.
ReplyDeleteExcellent analysis, very well supported.
ReplyDeleteA pullback before another move downward.
ReplyDeleteThanks for this information!
ReplyDeleteWell spotted. I will keep an eye on the price.
ReplyDeleteGreat point , thank you.
ReplyDeleteI agree with your analysis.
ReplyDeleteGood analysis.
ReplyDeleteVery useful information! Thanks.
ReplyDelete