USDJPY
– Time = 4H
– Structure = Downtrend
– Pattern = Descending Triangle
– Tendency = Downtrend
– Technical indicators are indicating " Neutral & Bearish
** Japan’s Tokyo inflation up by just 0.2% YoY in April, manufacturing output down to 41.9.
– The price is gradually declining there's a Strong chance it will break its Dynamic Support level 106.250
Conclusion: In my personal views if the price breaks the Resistance and retest it leading its way to the BEARISH
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
– Structure = Downtrend
– Pattern = Descending Triangle
– Tendency = Downtrend
– Technical indicators are indicating " Neutral & Bearish
** Japan’s Tokyo inflation up by just 0.2% YoY in April, manufacturing output down to 41.9.
– The price is gradually declining there's a Strong chance it will break its Dynamic Support level 106.250
Conclusion: In my personal views if the price breaks the Resistance and retest it leading its way to the BEARISH
-----------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
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