good afternoon, the pair reached 0.786 on the Fibonacci retracement tool.
the original trend is down after topping out at 113.369.
the pair then went on to retrace to 112.120 before going Bearish.
the dollar gained strength over the yen and non farm payrolls were positive giving more buying pressure.
we have reached a critical zone at 0.786 on the Fibonacci and indecision candle and evening star candle are my confirmations for a price reversal.
the pair has previously reversed at this price 3 times with bearish movement.
the original trend is down after topping out at 113.369.
the pair then went on to retrace to 112.120 before going Bearish.
the dollar gained strength over the yen and non farm payrolls were positive giving more buying pressure.
we have reached a critical zone at 0.786 on the Fibonacci and indecision candle and evening star candle are my confirmations for a price reversal.
the pair has previously reversed at this price 3 times with bearish movement.