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ThinkingAntsOk

Top And Bottom Analysis "USD/JPY" by ThinkingAntsOk

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ThinkingAntsOk  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis USDJPY jpy USD short JPYUSD Forex
4
0
trendanalysis supportandresistance mtfa usdjpy jpy usd short jpyusd forex
4H CHART EXPLANATION:

a)Price has broken the ascending triangle trendline
b)Currently the price is inside a Flag pattern Formation ( this type of patterns are consider continuation structures)
c)The Flag pattern is supported by a major support zone

Based on this, if the price breaks down below 108.000, we expect a continuation of the bearish movement, towards 106.600


MULTI TIMEFRAME VISION:

-Daily:
snapshot

-Weekly
snapshot
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