PA made a strong BULL move on Monday or first day of trading (Elliot Impulse waves 1-5), which was around 1.890 pips. Today it appears to me that an Elliot Correction Wave ABC, which is going on rest of trading today. Tomorrow, related to both stability of EUR & sudden quick moves up with JPY- in my opinion will be another BULL run up.
On chart as noted, per fib. retracement indicator current PA on 15 mn chart is in an uptrend. From my evaluation is currently making the A-B wave upward correction, but will sometime soon start a downward or bearish trend & then be on its B-C wave later on today. First- major support area noted on chart is around 121.653 area and IF PA breaks lower PA could go down to 2nd Support area of 121.300. Good luck in trading or Good skill, when you have a plan.
On chart as noted, per fib. retracement indicator current PA on 15 mn chart is in an uptrend. From my evaluation is currently making the A-B wave upward correction, but will sometime soon start a downward or bearish trend & then be on its B-C wave later on today. First- major support area noted on chart is around 121.653 area and IF PA breaks lower PA could go down to 2nd Support area of 121.300. Good luck in trading or Good skill, when you have a plan.