double trend line touch
failed to break the resistance zone
rejected of 38.2 Fibonacci level signifying a pullback
Move to the downside returning to the 0 fib level and Exponential Moving Average
Possible break out of TL moving further down to the -27 fib extension level signifying the continuation of a downtrend
Could even see a move...
at very strong resistance on the hourly chart, very similar to previous market structure and patterns. The strong seemingly unbreakable resistance zones along with these previous pattern match, leads me to believe we will shortly see a downwards move for UsdJpy. i believe that not only wil it go down to the nearest support zone and touching the corresponding trend...