USDJPY Bearish

USDJPY is currently in a Bearish Descending Channel. Looking for bullish momentum to slow down and consolidate towards the top of the channel. Personally looking for either an ascending channel , or break of any consolidation at the top of the structure + any Rejections. The more confluences the better. However if Bullish momentum does not slow down and we see a break + a Bearish Flag we could see price push higher (111.70).

P.S. Follow for more Price Action Analysis :)
Chart Patternsprice-actionpriceactionpriceactionanalysispriceactionstrategypriceactiontradingTrend Analysis

Disclaimer