The price has been rising non-stop. The bullish power is super strong. We are now seeing some signs of short-term JPY strength, and therefore closely monitoring this setup for a short-term sell position. The target will be set at the zone of previous support turned resistance which aligns with the 0.5 Fibonacci retracement level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.