If the resistance level is not broken and a reversal candlestick in the smaller timeframes forms expect a possible sell opportunity to the drawn blue TP levels or even up until the end of the channel. Lets see how it goes
With the trendline and formation of the last candlestick on the daily, USDJPY looks set to be a good profitable pair in the coming week
The pair seems to be in consolidation preparing for a big downward move. Lets see how it plays out
Price might respect trendline and move up to touch the end of the channel. That end point might be the start of a strong bearish move.
