Hello guys,
the pair is facing a strong resistance touching a downtrend in the weekly and monthly timeframes.
USDJPY also formed a little daily uptrend that was just broken after today bearish USD news. Moreover, on the 7th of Nov, price touched a strong horizontal resistance.
On top of that, a possible ABCD pattern is forming with a retracement around 0.618 fib.
Happy trading!
the pair is facing a strong resistance touching a downtrend in the weekly and monthly timeframes.
USDJPY also formed a little daily uptrend that was just broken after today bearish USD news. Moreover, on the 7th of Nov, price touched a strong horizontal resistance.
On top of that, a possible ABCD pattern is forming with a retracement around 0.618 fib.
Happy trading!