USD/JPY Time for a Retracement by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price made an upside move.
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🔸 It is moving on an Ascending Channel, and now it is facing the confluence zone between the Resistance Zone and the upper trendline of the channel.
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🔸 We consider that it has potential to make a corrective move to the downside before another bullish impulse.
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🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸 Price made an upside move.
.
🔸 It is moving on an Ascending Channel, and now it is facing the confluence zone between the Resistance Zone and the upper trendline of the channel.
.
🔸 We consider that it has potential to make a corrective move to the downside before another bullish impulse.
.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
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