USD/JPY has been in an uptrend respecting the green ascending channel.
In my previous analysis i expected the price to buy until it reaches the upper trend line continuing the ascending channel, which followed the analysis and reached tp.
I expect the USD/JPY to undergo retracement and expect the price to sell until it reaches the bottom trend line, thus continuing the ascending channel.
The expected movement of the price is shown by the grey path drawn.
In my previous analysis i expected the price to buy until it reaches the upper trend line continuing the ascending channel, which followed the analysis and reached tp.
I expect the USD/JPY to undergo retracement and expect the price to sell until it reaches the bottom trend line, thus continuing the ascending channel.
The expected movement of the price is shown by the grey path drawn.