#USDJPY (4H):
Yesterday the price started pushing to the downside but a wider view revealed a possible bearish flag forming. Also, we saw the price getting rejected from the 50% fib level (psychological).
Currently the price is trying to fakeout the third lower trendline touch, which could lead to another retest of the sell area
Yesterday the price started pushing to the downside but a wider view revealed a possible bearish flag forming. Also, we saw the price getting rejected from the 50% fib level (psychological).
Currently the price is trying to fakeout the third lower trendline touch, which could lead to another retest of the sell area