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MakarovTrade

Hammer in the descending channel

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MakarovTrade  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines Candlestick Analysis USDJPY dollar japaneseyen Forex LONG
8
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supportandresistance trendline candlestick usdjpy dollar japaneseyen forex long
The price is moving in a downward channel and is near the lower boundary of the channel and the support level.
We just formed a hammer, but it needs confirmation in the form of a green candle.
From the current price I expect a retest of the upper border of the channel.
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