FX:USDJPY   U.S. Dollar/Japanese Yen
240 0 8
Price currently pinned by both cross trends and at top of pennant formation. Small pennant target sits on top trend line at 109.50 area. Bottom of large pennant 104.00. At 107.4 it near met the .78 ext fib(107.48) today. My bias is the cross trend line pinning price will hold and price returns to bottom of pennant before attempting to break top...an unpopular opinion I am sure

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kate25
UsdJpy
kate25 PRO about USDJPY 2 years ago
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