Hello traders, I found successful rejection from the Median Pitchfork line and breakout of lower diagonal. My advice is to watch for selling opportunities. I projected 2 warning lines. Watch for downward targets at $8.470 and if the price clean the first Warning line, we might see testing of second around $7.200.
Series of lower lows and lower highs according to 15M time frame. We can see that sellers are in control today and my advice is to watch for potential selling opportunities. USD/JPY may re-visit low at 111.95. SUpply trendline is acting like resistance and Stochastic is in overbought condition. Stochastic is very good in spoting re-enter zones.