USDJPY-Weekly Market Analysis-Jan21,Wk4

2021年1月24日

An emerging Bearish Bat Pattern formation completes at 104.00. Although it is a nice Price Action Level, it may violate the sideway consolidation upper-trendline.

That being said, on the 1hour chart, it can have the bearish bat formation and not breaking the integrity of upper trendline as long as the market turns and close below the trendline before the close of the 4-hours candle.

I'm looking at a bearish Dollar on the short-term.