As we can see on the 4HR of USDJPY price is moving into an area where the trendline has become a resistance.
USDJPY has also been on a downtrend on the daily timeframe.
There has been a breakout from this downwards channel but its going to meet some major resistance around the 110.400-110.655 area (25 pips)
Should we see a rejection from this resistance level i will be looking for sells if the market conditions allow us to
USDJPY has also been on a downtrend on the daily timeframe.
There has been a breakout from this downwards channel but its going to meet some major resistance around the 110.400-110.655 area (25 pips)
Should we see a rejection from this resistance level i will be looking for sells if the market conditions allow us to