USDJPY for the past few weeks was trending down by the resistance effect creating a downward channel but recently the downward trendline was invalidated by the upward push, signaling a major change in trend. Take profit at previous resistance.
This is simple but excellent price action analysis!!
This is simple but excellent price action analysis!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.