USDJPY Bear Flag: Reversal off .382 Retracement

OANDA:USDJPY   U.S. Dollar / Japanese Yen
304 3
USDJPY has moved in a rising channel to retest the .382 fib retracement level of the AD impulse wave.

Price has recently broken this channel to the downside, and has broken below horizontal support.

I expect the price to retest the broken channel before continuing to the downside.
Trade active
Nice. Thanks for this. This is also one of my options.
+1 Reply
@segunby, Great analysis man!
segunby AidanMDang
@AidanMDang, no worries man. Thanks for your update too.
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