USDJPY More Downside Potential, Wait For Sell Setup

USDJPY has been pushing down since it hits the previous highs to form a double top.

With a ascending channel correction, price indeed reversed down impulsively, and form continuation correction along the way.

Bow that we have push down more, and another consolidation has formed, usually give us a indication of more downside opportunity.

Wait for current correction to complete to push the price down even more to previous lows.

Kommentera:

if price can break this low
and form continuation price action
it can push down the price to next low