My expected decline has already happened, and also broke the support and trend line.
I drew a fib retracement at 112.235 to 115.522 to see where there is support, and I have seen five possible supports so far, let see how far the USDJPY will go down.
I expect S1 not to hold long, and in S2 and S3 it will hold long
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* TRACK
* PEAK
I drew a fib retracement at 112.235 to 115.522 to see where there is support, and I have seen five possible supports so far, let see how far the USDJPY will go down.
I expect S1 not to hold long, and in S2 and S3 it will hold long
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* TRACK
* PEAK
