USDJPY: Analysis & Trading Plan
2019-12-10 13:29:37
https://www.tradingview.com/x/lIb3YJqp/
hey traders,
usdjpy is currently consolidating on a key support level 108.5.
on a daily this horizontal support matches perfectly with rising support of a parallel channel.
on 4H the pair has formed a descending triangle formation.
to identify a further market direction be focused on an occasional breakout of a triangle.
bearish breakout will trigger selling reaction and with high probability, we will see a continuation downwards to 108.0