The dollar has been trailing low recently but recovered during the release of FOMC, however most traders are still bears on the dollar, till results come positive on the FED report in December. While Yen news are on look on during the Asian session and stronger against the Dollar
The stochastic on D1 is exiting the overbought area on H4 it just entered the 50-20 area heading down, while H1 is went up from the oversold area which might drag price action on to our sweet spot using Fibonacci.

Price action is trapped using Fibonacci retracement on H1, if price action reaches the sweet spot( 38.2-78.6) and retraces on H1 and test previous resistance as support on lower timeframes 5min and 15min, a short position will be considered.




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