15 min USD JPY
15 min USDJPY
Price has been moving inside a bearish channel until a morning star formation broke out of the channel and started printing a right shoulder of a DT.
On a smaller time frame/5 min, price is moving bearish sideways with a possibility of breaking 4 HR resistance towards 1 HR.
It may be a while until price breaks or crosses the 4 HR resistance. With the current sell, I’d like to see if price continues to be bearish by retesting the 4 HR and 1 hr support.
Price has been moving inside a bearish channel until a morning star formation broke out of the channel and started printing a right shoulder of a DT.
On a smaller time frame/5 min, price is moving bearish sideways with a possibility of breaking 4 HR resistance towards 1 HR.
It may be a while until price breaks or crosses the 4 HR resistance. With the current sell, I’d like to see if price continues to be bearish by retesting the 4 HR and 1 hr support.
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