USD/JPY_Daily Chart Update 2017.10.08

8 ott 2017

For the last 5 months, price is moving sideways within 108.00 - 114.50 level.
Last month, price breaks down 108.00 level and previous low a bit, before bouncing back up higher with the confirmation of Bullish Price Divergence.
If projected with the recent 2 lows, price may form a Falling Price Channel with the current price is hold around its resistance confluenced with Fibo Ret 78.6%.

If price breaks down the nearest Up Trendline, the market bias may initiate the down movement.
So far, the market bias is still Up to Neutral.