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Munrai
May 18, 2020 2:06 PM

USDJPY - Searhcing for new trend/pattern Long

USD/JPYOANDA

Description

USDJPY - Recent break of downtrend and retest of that broken price area level at 106.743. Now currently looking like a uptrend may for if a breaj if 107.769 occours.

Also looking at possible Horizontal channel to form at bounce of 107.769 level if fails to break.
Comments
Munrai
looks like we might be in more of an uptrend then a horizontal parallel channel pattern but still waiting for a solid pattern to form. I'm still looking at this long for now but I expect it to come down to plot the bottom of the trend soon.
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