USDJPY
The USD has crossed the Resistant zone (our ceiling) and then retested it as support (Our floor), as you can see we have had *3 touches* for support, meaning buyers have gained momentum!
Currently, the USDJPY is buying!
I am looking for it to approach the downtrending resistant for the 3rd touch (Sensitive tuch) before it can descend as a way of forming a 3rd triangle.
or perhaps, should the market break the resistant trendline and retest it, we will look for buying continuation pattern!
In the end, nobody really knows what the market will do, we are all just reactors!!!
Bhekani Bhompus Sakhile (Facebook). Please follow me!
Currently, the USDJPY is buying!
I am looking for it to approach the downtrending resistant for the 3rd touch (Sensitive tuch) before it can descend as a way of forming a 3rd triangle.
or perhaps, should the market break the resistant trendline and retest it, we will look for buying continuation pattern!
In the end, nobody really knows what the market will do, we are all just reactors!!!
Bhekani Bhompus Sakhile (Facebook). Please follow me!
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