Retest of the Broken Bullish Channel and Fall
The USDJPY has broken the important hourly and weekly Bullish Channel
Now, The USDJPY is retesting this broken bullish channel as expected, for that, a fall when the retest is finish between the levels 110.500/110.600 is expected
Hourly, the USDJPY has a bearish bias, but Globally, the USDJPY has a bullish bias, for that I expect the price to fall to the line of the ascendant channel. This forecast is sustained by weekly and daily EMAs
A violation of 110.850 would invalidate this forecast
A proper Price Action strategy can help totally to enter the short when the level is being retested
Now, The USDJPY is retesting this broken bullish channel as expected, for that, a fall when the retest is finish between the levels 110.500/110.600 is expected
Hourly, the USDJPY has a bearish bias, but Globally, the USDJPY has a bullish bias, for that I expect the price to fall to the line of the ascendant channel. This forecast is sustained by weekly and daily EMAs
A violation of 110.850 would invalidate this forecast
A proper Price Action strategy can help totally to enter the short when the level is being retested