growthbank

growthbank

USDJPY is currently in a major level of support where price can either go up or go down. Price is going to move down and form a perfectly executed head and shoulder Reversal. I see price dropping initially down to the last lowest wick, retracing back to entry and then making it's official breakout for the sell.

growthbank

Looking at buying USD under the support zone but not under the trend line drawn in trend from the two lowest wicks. Take profits set around fib zones.