Even the dollar lost its early gains against Yen the pair only retraced and came down to test some levels and since then it is holding a key level.
The pair has a lot of room towards upside but its is in a bearish trend. Any break below 50.0 retracment level (This level comes after the pair broke the inner bearish trend line).
The pair is still bearish but has a lot of room till the First long term resistance level that comes around 94.50.
See Chart H4
Hello. Thank You very much for this good explanation . Perfekt how fib levels works.
ReplyDeleteGreetings from Germany =)