What happened? Japanese shares fell on Monday…
USD/JPY reached sell target 109.00
2019-11-11 • Updated
- USD/JPY reached sell target 109.00
- Next sell target - 107.00
USD/JPY continues to fall after the earlier breakout of the key support level 109.00 (previous sell target). The breakout of the support level 109.00 should accelerate the active minor impulse wave 3 – which started earlier from the resistance zone lying between the resistance level 112.00, lower trendline of the recently broken down channel from January and 38.2% Fibonacci correction of the sharp impulse wave 1.
USD/JPY is expected to fall further to the next sell target at the support level 107.00 (target price for the completion of the active minor impulse wave 3).
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