USDJPY dips below 108 today which is an important level in the short term. The 4-hour chart is showing us that the descending channel could break higher before testing major support.
The levels we must watch in mind are the following: 106.937, 108.168 - 108.585, 109.250
Note: This would be in the event that the ascending channel is broken
What do we have here?
✔️ Bull Flag Formation and Descending Triangle
✔️ USDJPY- Near Major Support Level
Thank you, Connor,
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The levels we must watch in mind are the following: 106.937, 108.168 - 108.585, 109.250
Note: This would be in the event that the ascending channel is broken
What do we have here?
✔️ Bull Flag Formation and Descending Triangle
✔️ USDJPY- Near Major Support Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
