A reversal happening?

2019년 1월 10일

The pair has completed its ABC move to the 1.618 fib extension level, and it has bounced off the 1.0 fib extension after the yen dump. Drawn are the key resistance and support trendlines/horizontal-lines that will prove to be bouncing spots, as price has respected the lines since long ago. I believe that momentum to the upside will be fully blown when the key resistance of roughly 139.8 is flush-broken.