Forex – Page 4 – fibonacci6180

JPYUSD Chart Fibonacci Analysis 010923

Reached 423.60% of the 1st wave.

Both US10 Year Bond Yield and Dollar Index hit concurrently 423.60% level on October

1.067/261.80% is a strong resistance level.

Trading Idea – 0.923/61.80%

Trading Idea – Entry Point 131.72/61.80%.

This index is a key to find US stock market bottom. Not rebouncing from 96.46/61.80%. Be careful long position holder!!

Target price is 1.23/61.80%.

Since 2020 Mar.

98/261.80% will be a resistance level. The Dow index and the Dollar Index are currently in a inverse relationship

Touched 97.5/423.60%

0.786 uptrend fan line will support.

If fail, price will down to 1.115/61.80% level.

Target price is 1.15/423.60%.