USDJPY Two weeks ahead Plan

3 ביוני

The price is trending upward within a channel. In the short term, the price has broken through the support of a "head and shoulders" chart pattern (indicated by three circles for the head and shoulders). We need to wait for a retest and rejection towards the trendline of the channel. If we observe high volume, indicating buyer entry, and a reversal chart pattern at the trendline, the price will likely move up to a higher key level. Otherwise, the price may break the trendline and continue downward.