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mikearch474

USDJPY long.

U.S. Dollar / Japanese Yen (FX:USDJPY)  
mikearch474  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns price action actionprice Forex forexsignals forextradingzones forexforecast
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trendanalysis indicator chartpattern price action actionprice forex forexsignals forextradingzones forexforecast
USDJPY for the past few weeks was trending down by the resistance effect creating a downward channel but recently the downward trendline was invalidated by the upward push, signaling a major change in trend. Take profit at previous resistance.

This is simple but excellent price action analysis!!
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