USDJPY: Oversold Market & Pullback

By VasilyTrader
snapshot

USDJPY looks oversold.

After a steady bearish continuation within a falling parralel channel, the price formed an ascending triangle formation
and broke and closed above its minor resistance.
That breakouts matches with a violation of a channel and increases a chance of a pullback.

goals:
105.52
105.64
CurrenciesdollarfxjapaneseyenjpymoneySupport and ResistanceTrend AnalysisTriangleUSDUSDJPYyen
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