USDJPY-Weekly Market Analysis-Jun20,Wk3
On the daily chart, there isn't a distinct trend as there was a sideway expansion that broke both support and resistance level, we need 2 breaks and close below the low or above the high to have a trend.
Recently the 4-hourly chart also has a sideway expansion as well.
Before we assume that this pair can't be traded, the 1-hourly chart, it is a bearish trend. On 107.87 it is a very important Resistance/ Support for a trading opportunity.
Recently the 4-hourly chart also has a sideway expansion as well.
Before we assume that this pair can't be traded, the 1-hourly chart, it is a bearish trend. On 107.87 it is a very important Resistance/ Support for a trading opportunity.
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