"Top and Bottom Analysis" USD/JPY by Thinking Ants
Updated
4H CHART EXPLANATION:
- Price is currently on an Ascending Channel.
- Reverted from the Resistance zone
- Bearish Divergence observed on MACD.
We expect a Breakout of the Ascending Channel under the 110.682 level to move towards 108.646.
We will be looking for sell setups on the mentioned area, paying atention to 109.871 middle support zone.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
- Price is currently on an Ascending Channel.
- Reverted from the Resistance zone
- Bearish Divergence observed on MACD.
We expect a Breakout of the Ascending Channel under the 110.682 level to move towards 108.646.
We will be looking for sell setups on the mentioned area, paying atention to 109.871 middle support zone.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Note
Price Bounced on the Ascending Channel , now is facing the Resistance Zone.We will be waiting either for a Break out of the Trend Line or the Resitance zone, to look for long/short setups.
Updates Coming Soon!
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