Triniboy_FX

Triniboy_FX

Okay so hear we can see USDJPY setting up nice for another fall. Not only the channel been broken and bounced off support but its retest resistance which will complete a head and shoulder pattern (Bearish). We can enter off a rejection of that resistance.

Triniboy_FX

Price broke out from a Descending triangle as seen & retested resistance. It already made an HH on the H1 timeframe and I believe its setting up for the double buttom where it'll fall right on the 61.80% level to continue upwards into a 5 wave pattern.

Triniboy_FX

Longterm outlook of UJ we can clearly see LH & LL, However, Price action broke trendline of a downtrend and made that retest. Currently we're on the Right shoulder formation. We can see price in time to come will complete that bullish head & shoulder formation.