after retracing off 50% on the Fibonacci retracement tool which is also the trendline support the dollar has gained over the Yen with the pair moving from 112.00 which was the ideal Buy area.
the pair late last night broke the downtrend support reaching a high off 112.800 before retracing down to 112.400 which is 400 pips.
the long term outlook is long and the pair should reach 113.000
if you are still looking for entries on this pair please do with caution otherwise wait or the next entry zone.
Take Care!
the pair late last night broke the downtrend support reaching a high off 112.800 before retracing down to 112.400 which is 400 pips.
the long term outlook is long and the pair should reach 113.000
if you are still looking for entries on this pair please do with caution otherwise wait or the next entry zone.
Take Care!