USDJPYIt seems USDJPY has entered a new bearish channel started in November 2017. There was a consolidation on the bottom of the current broken triangle. USDJPY was pushed higher to break the downtrend line that was created on January 2018, which is being retested at the moment and getting ready to have a major correction to hit 110.00 before it drops back to 101.00
We already have a breakout on RSI which is retesting the broken channel.
Regards,
Note
Doing well, guess now we are going down again...Trade active
This is a very important level to watch.Trade active
The new weekly candle will determine the end of this wave. Selling from current prices isnt a bad idea ONLY for long term traders who use a wide SL.Trade active
heading south! Wait for a retracement to get in short
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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.