$USDJPY Approaching trendline resistance.
USDJPY is struggling to advance currently approaching downtrend resistance and indicators are negative, so expect a little pullback. If the Inverse H&S is correct the pullback should be to the neckline before advancing to complete subwave 3 of the 5. The BB are also close to pinching the price resulting in what we hope will be upward momentum in the longer term.
Disclaimer
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.
Disclaimer
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.