SlimDee

Trendline, Fibonacci, Channel

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Price is in a bearish channel respecting its support and resistance since early October. we can see the strong focal point market in green highlighting with price forming double top patter around this area. We also have a rising wedge marked by black trend lines. We taking sell trade at this area since price is being rejected at 0.618 Fibonacci level, or you can wait for a break and retest below the rising wedge marked by black trend lines.

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.