USDJPY: Watch Price Action Closely...
Hello everyone, this is my analysis for USDJPY;
- Price has been steadily climbing in a channel while recently moving sideways.
- A break above the upper trend-line and resistance would indicate a possible movement towards the upper channel trend-line (highlighted as green). A break below the lower trend-line would indicate a movement towards the recently broken trend-line (highlighted as red).
- Thank you for dropping by and checking out my idea!
- If you support my view, a like would be highly appreciated. Otherwise, feedback and suggestions are always accepted!
Good luck!
- Price has been steadily climbing in a channel while recently moving sideways.
- A break above the upper trend-line and resistance would indicate a possible movement towards the upper channel trend-line (highlighted as green). A break below the lower trend-line would indicate a movement towards the recently broken trend-line (highlighted as red).
- Thank you for dropping by and checking out my idea!
- If you support my view, a like would be highly appreciated. Otherwise, feedback and suggestions are always accepted!
Good luck!
Comment:
- Price has broken the lower trend-line; the target for the drop is around 109.60.
Comment:
- Price has reached target of 109.60.