đ±USD/JPY No chance of rises.
đ±As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below:
đ±This time we will take another look at the pair, as I believe new downside prospects are opening up.
đ±The key from where a new wave of declines could start could be the resistance zone I've marked on the chart.
đ± All due to a cluster of levels. At the very beginning we have the level of 0.5 of the whole last upward wave, then the level of 0.236 of the whole downward wave and the range of the biggest upward correction in the current downtrend, i.e. the level of 1:1.
đ± I encourage you to observe these levels because there is a good chance that after a bounce from this level we will take a southward direction.
đ±The level where the price can stop is the support zone, which I determined on the basis of the level of 0.786 of the whole upward wave and this place has been respected many times in the past as resistance and support.
đ±The scenario I am playing out is a continuation of declines from the resistance zones towards the support zone, not excluding corrections along the way.
đIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.đ
đ±As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below:
đ±This time we will take another look at the pair, as I believe new downside prospects are opening up.
đ±The key from where a new wave of declines could start could be the resistance zone I've marked on the chart.
đ± All due to a cluster of levels. At the very beginning we have the level of 0.5 of the whole last upward wave, then the level of 0.236 of the whole downward wave and the range of the biggest upward correction in the current downtrend, i.e. the level of 1:1.
đ± I encourage you to observe these levels because there is a good chance that after a bounce from this level we will take a southward direction.
đ±The level where the price can stop is the support zone, which I determined on the basis of the level of 0.786 of the whole upward wave and this place has been respected many times in the past as resistance and support.
đ±The scenario I am playing out is a continuation of declines from the resistance zones towards the support zone, not excluding corrections along the way.
đIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.đ
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đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ www.t.me/Investmatez đČ
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