USDJPY ON H1 TIME FRAME
A Pennant has been identified on the H1 time frame.
this is the third test on the rising support and we have seen a descending resistance line test
I still remain bearish on this pair but we could however see another 111.500 retest or a descending trendline retest before going down
News with regard to the pair can be found on dailyfx
dailyfx.com/forex/technical/article/fx_technical_weekly/2018/08/24/USDJPY-Weekly-Technical-Perspective-Dollar-Breakout-Drives-Higher-to-Test-Resistance.html
this is the third test on the rising support and we have seen a descending resistance line test
I still remain bearish on this pair but we could however see another 111.500 retest or a descending trendline retest before going down
News with regard to the pair can be found on dailyfx
dailyfx.com/forex/technical/article/fx_technical_weekly/2018/08/24/USDJPY-Weekly-Technical-Perspective-Dollar-Breakout-Drives-Higher-to-Test-Resistance.html
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