The American Eagle De-Appreciation Before The Appreciation

16 בנוב׳ 2017

The JPY has been moving quite heft and strong over the past weeks with the Nikkei 225 also doing re-tests so we've got some action happening in the JPY - The USD has been manipulated heavily throughout 2017 with the USD Appreciating more than de-appreciating, but it's come to a level of exhaustion right now and we can confirm that because the market retraced at a resistance, and also broke through a significant event area - A potential 50% Fibbo re-test from the lowest leg till the highest leg on the overall trend, so i'm going to presume that the USD could potentially drop to 110.500 before starting to appreciate in value again.