ORBEX: Correction Could Take Prices Lower Before Bullish "Three"
The correction seeing on USDJPY could let prices fall a tad lower, providing a better structure for minor A.
This should be followed by a "three" correction, where minor B is going to offer some buying opportunities in the short-term before sliding lower towards the golden Fibonacci retracement level of 106.67.
Better remain patient for minor B to complete!
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
This should be followed by a "three" correction, where minor B is going to offer some buying opportunities in the short-term before sliding lower towards the golden Fibonacci retracement level of 106.67.
Better remain patient for minor B to complete!
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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