Price for USDJPY is still in a down trend. However, we can see that the price is forming a descending Channel ( bearesh) recently and price reaches above the channel and makes a bearesh Engulfing pattern. we can expect some down side movement from this area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.