Forex Analysis: Short-Term Outlook for Asia Low Crossing and Possible Retest of Last Week's Levels

closed week at ~51765 and now looking forward to cross Asia low and probably re-test Friday close / Last week low zone later this day. That is for the short term move. How it will evolve is the other question. This kind of narrow range consolidation promise a sharp impulse move this week, so stay turned. In any case based on week timeframe I believe there is a very high chance to see dip at least to 49k - that move can result either in a fast pump back above 53k or deeper retracement to 46k (that scenario has different continuations so no sense in guessing now, lets see if it will happen first).Feb open week candle body Fib from open to close levels for deep correction: 0.618 at 46113 - correlates with 2022 open at 46210 0.500 at 45437 - correlates with 11.01/08.02 highs at 45600 0.382 at 44760 - correlates with 2023 high at 44780Nearest levels to watch PA:53245 - Nov'21 low52176 - last week open50772 - Friday close49027 - January high48200 - 2022 high46210 - 2022 open trend: 4H ▶️ D W M

标签： ASIA FOR FOREX