USDJPY - A or B

2019-11-23 07:52:51

With technical analysis i think in possibilities. There are always multiple possible outcomes and we only know for sure after a break of one and other.

A. We can see multiple touches on the long time descending trendline. If we can break resistance we can enter long.

B. Looks like a descending triangle , time to go short if this pattern breaks bearish. Next support might be the longer time ascending trendline.

If you zoom out it looks to me like 1 big ascending triangle.

Do you agree? Then please hit the like button :)