USDJPY Has tried to break the 114.399 twice with two strong impulses however it failed as you can see below.
As it falls back, it manages to once again find support on top on the black line.
- It broke from the downtrend within the channel but yet managed to create another downtrend.
Because of this, we can now look for a possible long breakout trend as it is currently pinched between the downtrend black line and the orange line.
Take caution when trading and do your Fundamental analysis on your own.
Take care.
P:S Choose your own TP.
P:S:S Blue Lines = Supports
Red Lines = Resistance
- With this information, choose your own stop loss too.
- It broke from the downtrend within the channel but yet managed to create another downtrend.
Because of this, we can now look for a possible long breakout trend as it is currently pinched between the downtrend black line and the orange line.
Take caution when trading and do your Fundamental analysis on your own.
Take care.
P:S Choose your own TP.
P:S:S Blue Lines = Supports
Red Lines = Resistance
- With this information, choose your own stop loss too.