The price is within an inverted triangle. Earlier today, it dropped to the lower boundary of this triangle, reaching 0.8242 before reversing upward. The pair will likely continue climbing, potentially reaching 0.8488. Once it hits this level, a...
USD/JPY I am looking at the dollar yen pair on the daily chart, when the pair was trading in an ascending trend channel, it began to decline from the highs, it was from the 161.705 marks. These were the upper boundaries of the trend channel and...
The current market structure reveals a pattern that suggests a potential shift in price movement. Although the overall wave structure seems to be forming a downward trend, recent technical indicators have started to suggest that a reversal may be on...
USD/JPY. The USD/JPY currency pair price assessment. In the 4-hour time frame, the bulls are attempting to challenge the downtrend, but as mentioned earlier, this is still a correction rather than a reversal. The bears could resume control at any...
USDJPY I am looking at the dollar yen pair on the hourly chart. There was a downward trend channel here, then when the lower boundaries of the trend channel were broken, there was volume from the buyer. That is, the lower boundaries were broken,...