USDJPY
On the 4hr chart, UJ has been trending up as I see a sequence of impulses and corrections to the upside. The RSI value is close to be oversold, which I take as a warning sign. I mark the high and the low and after applying trend line theory and fibo, I am able to say that:
a) The market has already made a 123 and is on the making of the next impulse
b) The market might do a bigger 123 before going to the upside
c) The market might have made a down impulse and it is making a 123 for further downside
a) The market has already made a 123 and is on the making of the next impulse
b) The market might do a bigger 123 before going to the upside
c) The market might have made a down impulse and it is making a 123 for further downside
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