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USDJPY - Descending Channel

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Dollar A.S. / Yen Jepang (FX:USDJPY)  
WrightWayInvestments Diupdate   
FX:USDJPY   Dollar A.S. / Yen Jepang
Trend Analysis Chart Patterns Technical Indicators USDJPY Descending Channel bearmarket wavetheory Fibonacci Retracement
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trendanalysis chartpattern indicator usdjpy descendingchannel bearmarket wavetheory fibonacciretracement
Hello fellow traders, as we can see USDJPY is urgently trading in a descending channel and reached a point of resistance. This resistance is also confirmed by a key FIB level @.786. If this holds we can expect to see price move towards the next support around 128.00.

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SL on CHART CHANGED TO 132.850
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