AJ

20 Jan 2020

We have a low at 70.5 and a high of 84 and we made a pivot at 77 with support from 74-72. We have 3 trend line touches (84,80.75, 75.5), a bounce above it and a retest on 75.5. We climbed to resistance at 76.25 with 76 being a strong zone for pushing further down. Even though all signs point bullish on the bigger time frames I am bearish for the time being. Yen will gain strength after getting demolished.74-76 is important. and 77 is the key top so if we keep hitting our head on 76.2 we can enter on a pullback and see if we can break the 75.6 floor for targets of 75 & 74