USDJPY The Price Make a Double Top While Testing a Major Resistant Around 108.45, The Power of Sellers Won the Challenge and Pushed The Price Down for more than 1500 pips, Historical It's not a Decision level, It's fresh supply zone!
Trendline which is bearish as well have been broken twice, but only the fresh supply zone was capable to push the price in a downtrend again, 107.04 is price in focus, 2 scenarios to watch, if the price breaks the trenline then nothing valid to this pair until another opportunity to appear, breaks under 107.04 zone will lead the price for further losses towards a minor support around 106.65, Let us watch for now
Trendline which is bearish as well have been broken twice, but only the fresh supply zone was capable to push the price in a downtrend again, 107.04 is price in focus, 2 scenarios to watch, if the price breaks the trenline then nothing valid to this pair until another opportunity to appear, breaks under 107.04 zone will lead the price for further losses towards a minor support around 106.65, Let us watch for now
Comment:
Trendline broke, next resistant at 107.45, or it will test 108.45 again!!
