Sunday, December 13, 2020

USD/JPY

 

USD/JPY
19-Nov-22:00 -> 11-Dec-22:00
Target Level: 103.6725
 
SL:(A)103.6725Last TP of Channel Down
RL:(B)104.5795Last TP of Channel Down
Target Period: 2 days
 
Interval4 hour
PatternChannel Down
Length52 Candles
Identified11-Dec-02:00

Channel Down identified at 11-Dec-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 103.6725 within the next 2 days.
Supported by Downward sloping Moving Average
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