ORBEX: Correction Could Take Prices Lower Before Bullish "Three"

The correction seeing on USDJPY could let prices fall a tad lower, providing a better structure for minor A.

This should be followed by a "three" correction, where minor B is going to offer some buying opportunities in the short-term before sliding lower towards the golden Fibonacci retracement level of 106.67.

Better remain patient for minor B to complete!

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice