USDJPY more lows or bounce off?
a down week for the Dollar as we are closing in to 61.8 fib region.
There are 2 scenarios that I can see where it will bounce of 61.8 fib region or the demand zone and try to retest the resistance since it tried to break the previous 114.377 with 114.437. if the new week manages to close above 114.40's we will be seeing a new HH
The other scenario is it breaks the demand zone and creating more lows and retesting the lowest demand zone
There are 2 scenarios that I can see where it will bounce of 61.8 fib region or the demand zone and try to retest the resistance since it tried to break the previous 114.377 with 114.437. if the new week manages to close above 114.40's we will be seeing a new HH
The other scenario is it breaks the demand zone and creating more lows and retesting the lowest demand zone
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