Get started
MTForexBook

USDJPY 1H

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
MTForexBook Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines Fibonacci USDJPY Forex
2
0
supportandresistance trendline fibonacci usdjpy forex
Pair has channeled down to a reaction zone. My preferred is we break up above a descending line, retest and head back up to the 38 Fib extension line. If we break down, look for a retest of broken support line before taking a sell position.

Wait for confirmation candles!
Comment:
Here's a closeup view of the descending line I'm looking for a break above. Red arrows are the closer view pattern I'm looking for.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.