nikitafx
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USD/JPY megaphone descending (Nikita FX)

FX:USDJPY   U.S. Dollar/Japanese Yen
1070 2 4
USD/JPY             is now making a megaphone descending top Formation.
Megaphone upper line had already been tried more than 4 times to be breakout,
however it continues to be failed.
If not breakout above the upper line, USD/JPY             will be plunging far below the megaphone
support line due to magical 4th trial.

Nikita FX (http://climbingfx.jugem.jp/)
thanks for this post its very informative
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is 108 approaching?
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