Right before market closed UJ faked out of the Raising wedge and now will fall back down to....
Either it will
a) retest the low at 110.6670
or
b) make a new lower low at 110.07 the next PA lower.
USD lost of a lot of energy and momentum for recovery prior to FOMC. It may take a week for it to recover. I'm leaning toward option B.
Either it will
a) retest the low at 110.6670
or
b) make a new lower low at 110.07 the next PA lower.
USD lost of a lot of energy and momentum for recovery prior to FOMC. It may take a week for it to recover. I'm leaning toward option B.
