The sgdjpy attempt to recovery , or to breach the static resistance placed to 81,5 seems destined to fail because several oscillator are already in overbought , as example the stochastic and CCI present on this chart , and when this happen near a key level the correction is unavoidable ( usually)
A such purpose i use the Fibo tool (expansion) for determine a level in which placed my july target . The 100 % line seem the ideal .
Translate to English Show original