USDJPY price broke the upper resistance line of bearish channel went up to the resistance that I showed on the 4h chart with a gray zone
it came down and retested the upper line of the channel that I mentioned before as a support line and it lost bearish momentum
we can see wick rejection on the line and I think it's a good place to be bullish
some other reason that validates our analysis is that RSI indicator is in a oversold zone
hope you get your profit ,
THIS IS JUST AN ANALYSIS , NOT A SIGNAL
it came down and retested the upper line of the channel that I mentioned before as a support line and it lost bearish momentum
we can see wick rejection on the line and I think it's a good place to be bullish
some other reason that validates our analysis is that RSI indicator is in a oversold zone
hope you get your profit ,
THIS IS JUST AN ANALYSIS , NOT A SIGNAL