USDJPY Too Shiff or not to shiff? that is the question
Possible reversal for a medium term long.
Price action has breached out of the down trend pitchfork and has broke the last warning line (black dotted).
Price has tested first test of bottom blue trend line confirming pitchfork. Red median line coincides with a possible profit target of the daily .618. However online close out of trade if and take profits if price action touches red median line or breaches the blue trend line.
However the pitchfork does seem a bit steep and there is a slight chance it may be a modified schiff
Stop loss at 109.346
Price action has breached out of the down trend pitchfork and has broke the last warning line (black dotted).
Price has tested first test of bottom blue trend line confirming pitchfork. Red median line coincides with a possible profit target of the daily .618. However online close out of trade if and take profits if price action touches red median line or breaches the blue trend line.
However the pitchfork does seem a bit steep and there is a slight chance it may be a modified schiff
Stop loss at 109.346