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HANSFXTRADER
Jan 19, 2021 1:49 PM

USDJPY, MULTIPLE TIME FRAME ANALYSIS! 

USD/JPYOANDA

Description

Monthly:

-Price is rejecting a monthly demand zone.

Weekly:

-Price has been moving to the downside with very corrective structure.
-Double bottom.
-It also broke a resistance that now is acting as support

Daily:

-Price broke the last LH of the daily structure.
-Daily S/D is being respected as support.

4H:

-Price failed to make LLs and it create a HH.
-Structural trendline.
-Bullish M pattern forming.

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