UJ remains in a long term down trend on the daily. In addition, the 'Sell in MAY' hypothesis may be relevant for the pair giving more downside.
Looking at price action, we are sat around a key zone. If UJ breaks to the upside, I believe the highlighted black area will hold based on previous action and the fact it represents the 0.5 - 0.61 FIB level, thus push price lower after. (A)
An alternative scenario is that we fail to break the current supply zone and fall back down.(B)
Also believe (A) is more likely.
What do you think?
Looking at price action, we are sat around a key zone. If UJ breaks to the upside, I believe the highlighted black area will hold based on previous action and the fact it represents the 0.5 - 0.61 FIB level, thus push price lower after. (A)
An alternative scenario is that we fail to break the current supply zone and fall back down.(B)
Also believe (A) is more likely.
What do you think?
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。