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USDJPY Could Be Headed Lower

Discussion in 'Technical Analysis' started by Kaitlin, Nov 27, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Although the pair managed to hold and bounce off an important support near 122.25-20 area, but is now reversing from a short-term descending trend-line resistance. The descending trend-line resistance in conjunction with the 122.25-20 horizontal support seems to constitute towards formation of a descending triangle. Moreover, on 4-hourly chart the[​IMG]

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