Japanese Futures find a road block
J61! looked bearish as bearish can be, though they had come out of a larger up trend, so I can only presume that they are correcting and looking for more buyers. "Bulls take the stairs, Bears use an elevator".
The fib says that the Yen has interest here at the 61.8
If you look left we've come down to an area of balance and based on the presumption that we are correcting the up trending channel there should be buyers here.
0.86 and 0.84 are other long areas of interest, so if we don't get a reversal here, look out below.
The fib says that the Yen has interest here at the 61.8
If you look left we've come down to an area of balance and based on the presumption that we are correcting the up trending channel there should be buyers here.
0.86 and 0.84 are other long areas of interest, so if we don't get a reversal here, look out below.
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