USDJPY has been in a rising channel retracement on H4 for 1 week prior to the month long down trend.
Price failed to reach top of channel, failing to form higher highs and showing signs of a double top.
Might be the end of the retracement and price may continue falling.
Entry point would be at neckline, 109.871.
Price failed to reach top of channel, failing to form higher highs and showing signs of a double top.
Might be the end of the retracement and price may continue falling.
Entry point would be at neckline, 109.871.