USDJPY has moved in a rising channel to retest the .382 fib retracement level of the AD impulse wave.
Price has recently broken this channel to the downside, and has broken below horizontal support.
I expect the price to retest the broken channel before continuing to the downside.
Price has recently broken this channel to the downside, and has broken below horizontal support.
I expect the price to retest the broken channel before continuing to the downside.
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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.