Hello ...
Price has broken away from descending channel with strong upside move which indicates that long term short on USDJPY is not suitable ,
Anyhow we cannot confirm yet uptrend too as on daily chart price is still in Triangle pattern , since trend is not confirmed there may arise possibility of selling pair at resistance zone for intraday or scalping purpose ,
As price has broken away from channel and nearing to descending trendline of daily chart , we expect price to move lower for retesting support near top channel line or ascending triangle trend line...
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Price has broken away from descending channel with strong upside move which indicates that long term short on USDJPY is not suitable ,
Anyhow we cannot confirm yet uptrend too as on daily chart price is still in Triangle pattern , since trend is not confirmed there may arise possibility of selling pair at resistance zone for intraday or scalping purpose ,
As price has broken away from channel and nearing to descending trendline of daily chart , we expect price to move lower for retesting support near top channel line or ascending triangle trend line...
Please follow us for more ideas n updates,.