The rebound may have ended

7 thg 8, 2023

USDJPY daily line has AC deviation, and there is a dual peak selling signal of AO in 4h. And the price drops below the effective fractal for 4 hours, as shown by the red arrow in the figure. At present, the price has rebounded, and the rsi is around 50, which generally means that the price rebound is over. This is also a price intensive resistance zone, as shown in the red rectangle. Combining with the pivot point, this round of decline may fall to the S3 support point, which is also the low point of the previous decline. The daily AC deviation usually drops by 9-12 days. All analyses are valid for 1-2 weeks.