ThinkingAntsOk
Short

"Top and Bottom Analysis" USD/JPY by ThinkingAntsOk

FX:USDJPY   U.S. Dollar / Japanese Yen
4H CHART EXPLANATION:

Main Items we Observe on the Chart:

-Price has broken the ascending trendline .
-Currently, price is inside a corrective structure.
-We expect the triangle Trendline to give some type of Support before the breakout.

Based on this, if the price breaks down the corrective structure below 109.750 we expect a continuation of the bearish movement towards the triangle trendline , after that if price makes a new corrective structure on that area we will look for a 2nd downward movement towards 105.300


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