USDJPY Bear Flag: Reversal off .382 Retracement

11 Tem 2019

USDJPY has moved in a rising channel to retest the .382 fib retracement level of the AD impulse wave.

Price has recently broken this channel to the downside, and has broken below horizontal support.

I expect the price to retest the broken channel before continuing to the downside.

11 Tem 2019

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