USD/JPY

HI EVERYONE
AS THIS PAIR HAS FAILED TO BREAKTHROUGH AND CLOSE UNDER THE DAILY SUPPORT LINE IT HAS ALSO FORMED A ( W ) FORMATION WHICH IS A REVERSAL PATTERN TO AN UPTREND
YOU COULD SEE ON THE DAILY TIME FRAME THE LOW OF THIS WEEK WAS FORMED BY A CANDLE THAT HAS BROKEN THROUGH SUPPORT LEVELS BUT FAILED TO CONTAIN ITS BODY AND FORMED A WICK WHICH IS ALSO KNOWN AS A ( STOP HUNTING ) PATTERN .

GOOD LUCK