USD/JPY_Daily Chart Update 2017.10.08
For the last 5 months, price is moving sideways within 108.00 - 114.50 level.
Last month, price breaks down 108.00 level and previous low a bit, before bouncing back up higher with the confirmation of Bullish Price Divergence.
If projected with the recent 2 lows, price may form a Falling Price Channel with the current price is hold around its resistance confluenced with Fibo Ret 78.6%.
If price breaks down the nearest Up Trendline, the market bias may initiate the down movement.
So far, the market bias is still Up to Neutral.
Related publications
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.