the bulls exhausted???

The crazy yen depreciation for the last two days forced the bears to retreat and watch the rally from the sidelines. However, the bulls advance is now stalled by the confluence of two trendlines and the fib 50% level of last major swing.

Now the bears might come in and pull the beast down to test the next lower trendline at 135.50 region. Below is the H4 chart as of 5 am Malaysia.


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.