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USDJPY - Descending Channel

Por WrightWayInvestments
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Hello fellow traders, as we can see USDJPY is urgently trading in a descending channel and reached a point of resistance. This resistance is also confirmed by a key FIB level @.786. If this holds we can expect to see price move towards the next support around 128.00.

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SL on CHART CHANGED TO 132.850
bearmarketChart PatternsDescending ChannelFibonacci RetracementTechnical IndicatorsTrend AnalysisUSDJPYwavetheory
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