If the current trend continues, we will see a breakout of 0.0 on the Fibonacci. The trend lines indicating support and resistance breakout points will also determine a longer term trend. In the past few hours resulting from the FED interest rate hike, we saw bears overpowering bulls in the overbought dollar. This may continue through the BOJ interest rate decision in about 2 hours.
TLDR; SHORT s/t
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Placed a SELL last night at 113.486 and my position T/P was set at 113.050 which just hit. Therefore a ~38 pip profit which is good news!
Beware of UJ coming to a two session low which could send UJ bullish or continue the bearish trend.
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Placed a SELL last night at 113.436 and my position T/P was set at 113.050 which just hit. Therefore a ~38 pip profit which is good news!
Beware of UJ coming to a two session low which could send UJ bullish or continue the bearish trend.