Chart Of The Day: USD/JPY
Good Day :) Hope everybody is having a great trading week so far (That's if you've been following my analysis) wink*
Technical Analysis: USD/JPY
Bias: Neutral - On the 1Hour timeframe price action has created a Descending Triangle pattern. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the descending trendline (Solid Line) or the Support zone (Yellow). Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
Technical Analysis: USD/JPY
Bias: Neutral - On the 1Hour timeframe price action has created a Descending Triangle pattern. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the descending trendline (Solid Line) or the Support zone (Yellow). Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
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