Support at Pivot holds, likely the up move from (5) means we'll get a break of the channel. AB=CD suggest a TP around R2 price level. Be aware of resistance levels in between, nothing is 100%
Good weekend!
Good weekend!
Note
Looking for shorts here towards R1 monthlyNote
Reversals also forming on other JPY pairs; CADJPY, GBPJPY and USDJPY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.