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We're sellers towards 50.0% fib level.

We're sellers towards 50.0% fib level. | 29 Octubre 2021

29 Octubre 2021, USD/JPY

We're sellers towards 50.0% fib level.

Wave Analysis

During the previous trading day,. nothing much happened on this pair, we're still below the upper trendline but above the 50.0% fib level. As it is right now, we are expecting sellers to dominate this market, we basically expect the price to break and close below 50.0% fib level and may extend much lower. On the flipside, a break above 23.6% fib level will push the price much higher with the next ideal target set at 114.65.

Trade Recommendations:

We're sellers towards 50.0% fib level.

Bob Stan
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