USDJPY LONG SHORTERM
USDJPY; On a downward channel
Weekly; showed absorption of supply in the past around the 107 zone + price tried to break support 5 times since the 1 april.
Daily ; showed absorption of supply the 26 june. + we have a inverted head and shoulder formation. & we can see absorption of supply on the lower trendline
Nice RR stop loss; 105.6 ( 125 pips risk)
1p 109.100 ( 200 pips win)
Weekly; showed absorption of supply in the past around the 107 zone + price tried to break support 5 times since the 1 april.
Daily ; showed absorption of supply the 26 june. + we have a inverted head and shoulder formation. & we can see absorption of supply on the lower trendline
Nice RR stop loss; 105.6 ( 125 pips risk)
1p 109.100 ( 200 pips win)
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