After neglecting the Corona Virus fear spikes. At position:
(1) The prices were stopped by the 106.900 support after it broke both
the bullish channel.
(2) The prices retested the broken bullish channel.
(3) The prices were stopped again by the 106.900.
(4) The prices retested the bearish trend line confirming the return of
the USDJPY to the bearish trend
(5) that would be our entry signal after a clear close below the 106.900.
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(1) The prices were stopped by the 106.900 support after it broke both
the bullish channel.
(2) The prices retested the broken bullish channel.
(3) The prices were stopped again by the 106.900.
(4) The prices retested the bearish trend line confirming the return of
the USDJPY to the bearish trend
(5) that would be our entry signal after a clear close below the 106.900.
If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more useful content.