JPY pairs looking Bearish short term & Bullish long term
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We can see a clear triangle break to the downside. Price is now retesting that key level and will most likely reject it for a move to the larger timeframe trendline!
Then we might see a bounce off that more important trendline up long term.
We can see a clear triangle break to the downside. Price is now retesting that key level and will most likely reject it for a move to the larger timeframe trendline!
Then we might see a bounce off that more important trendline up long term.
Comment:
Here is a better view of the long term trendline:
