Yen continue to gain against the pound since my last post. The pair broke the first channel at 221.22 area near the FE 100.0. For now, the FE 200.0 seems to hold. Target upside is the 38.2% Fibo retracement, back to the middle area of the channel. I draw a similar channel using the Fibo to determine the 38.2 and 61.8 level (see chart below).
No comments:
Post a Comment