Jpyusdforexsignal
JPYCAD - .236 Touch.236 has been hit on this daily timeframe
Similar downward patterns have formed on this timeframe
The prior .236 touch hit and resulted in a bullish rebound
Will this touch be the same or different? Price could either result in a rebound or trend bearishly down the second diagonal red line
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007332
TP: 0.007126
SL: 0.007514
Bias: Short
Though the price pattern is showing a low volatile ranging condition, there is a possibility of entering a short opportunity. Our decision is purely guided by historical price action study. So any major fundamental factor can have a massive influence to break out of this zone.