The on-going strengthening of Yen , and the imminent weak Gbp near term may turn this currency pair to be the Star of FX
H4 with longer term view
H4 CHART
Daily Chart
weekly chart
Technical Analysis and trading Strategy
On H4, breaking 132.20 (Support 1 on H4) shall expose 131.92, (Support 2), also the (100.0 Fibo on H4).,, FOLLOWS BY 131.39 being the support 3 on H4 CHART.
NOTE: 130.80 is the July low on 22-July 2020.
126.57 level is the 161.80 Fibo Extension on Daily Chart.
SELL Down this pair on any PULL BACK and to expect its next tp below 130.00 REGION near term, having the possibility of further SOUTH thereafter to be below 126.00 .
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