USDJPY starts accumulating after support test Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Aug 8, 2020 2:57 PM

On the higher daily TF, as you can see there is descending triangle formed. Recently, we just confirmed the downline of the pattern as a respectable support.

I believe we are accumulating now to retest the falling trendline (triangle top).