Hi traders and welcome to my channel ...
As already mentioned in the previous analysis of USDJPY is still in a downtrend channel in the daily chart but as you can see price creates a head and shoulders pattern and breaks the resistance level of 104.397 … I think after touch EMA200 it's going to retest to 104.397 and continuation of a long move to touch the resistance at the level of 105.677 and the next level of resistance on top of my channel at the level of 107.05.
All info can be found in my chart.
*Support this Idea with a like or Comments if you find it useful*
Good luck guys and be careful
Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
As already mentioned in the previous analysis of USDJPY is still in a downtrend channel in the daily chart but as you can see price creates a head and shoulders pattern and breaks the resistance level of 104.397 … I think after touch EMA200 it's going to retest to 104.397 and continuation of a long move to touch the resistance at the level of 105.677 and the next level of resistance on top of my channel at the level of 107.05.
All info can be found in my chart.
*Support this Idea with a like or Comments if you find it useful*
Good luck guys and be careful
Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
