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ThinkingAnts

"Top and Bottom Analysis" USD/JPY by Thinking Ants

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ThinkingAnts Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis USDJPY USD jpy Forex
5
0
trendanalysis supportandresistance mtfa usdjpy usd jpy forex
4H CHART EXPLANATION:

- Price is currently on an Ascending Channel.
- Reverted from the Resistance zone
- Bearish Divergence observed on MACD.


We expect a Breakout of the Ascending Channel under the 110.682 level to move towards 108.646.

We will be looking for sell setups on the mentioned area, paying atention to 109.871 middle support zone.


Updates comming soon!


MULTI TIMEFRAME VISION:

- Weekly
snapshot


- Daily
snapshot



Comment:
Price Bounced on the Ascending Channel , now is facing the Resistance Zone.
We will be waiting either for a Break out of the Trend Line or the Resitance zone, to look for long/short setups.

Updates Coming Soon!
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