DeGRAM | USDJPY broke out of the descending channel
USDJPY is moving between trend lines above the descending channel.
The descending structure is still intact and has not been broken yet.
The price has already reached the lower trend line and 50% retracement level and formed a bullish takeover afterwards.
We expect growth after consolidation above the resistance level.
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The descending structure is still intact and has not been broken yet.
The price has already reached the lower trend line and 50% retracement level and formed a bullish takeover afterwards.
We expect growth after consolidation above the resistance level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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