USD/JPY FIBONACCI ANALYSIS
Downward correction can continue for a short period. Growth tendency remains.
Price is trying to remain below the level of 102.30 (23.6% correction).
Short positions can be order after the level of 101.85, (descending 50% fan line, middle line of BB) is broken down.
Return to AUG lows 100.68.
If price rebounds from the level 102.30, it cud grow to 103.26 (38.2%)
Sell if price below 101.85, target @ AUG lows 100.68
Price is trying to remain below the level of 102.30 (23.6% correction).
Short positions can be order after the level of 101.85, (descending 50% fan line, middle line of BB) is broken down.
Return to AUG lows 100.68.
If price rebounds from the level 102.30, it cud grow to 103.26 (38.2%)
Sell if price below 101.85, target @ AUG lows 100.68
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