USDJPY is in a daily downtrend channel since april 2020. Recently the price touched the
bottom of the channel and shoot right back up to the top of the channel. This is just a
simple trend analysis for daily trend continuation. It will not be unlikely that we see
a head and shoulder formation being formed on H1 before heading back down.
Excellent R:R ratio.
I...
All eyes on this folks, we have falling wedge structure above the support line. The price break trough the support line and now it is being tested. Support has now become resistance. If the price rejects that resistance, which is our fibonacci golden zone, it will most likely continue its downtrend. You can closely watch the price action at M15 to take a short...
