Scandex Market Update – June 9

Tuesday, 09/06/2020 | 06:31 GMT

Disclaimer

USDJPY plunged today. Price could bounce from the lower parallel of the short term fork near 108.00. Proposed resistance is the year open and center line at 108.75-109.00. Seasonal tendencies have turned down and the rally from the May low is in 3 waves. The implication is that the rally is complete as a correction and that price is headed for a break of the May low of 105.99.

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Source: https://scandex.com/2020/06/09/market-update-june-9/

Disclaimer

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