Possibilities with USD/JPY

31 Mar 2022

In the picture above, we can see that price has been moving correctly in an ascending channel. We also noticed that price has tested a pivotal zone, price has rejected this area multiple times in the past and could do so again. At the moment price hasn't shown us any strong entry signals, however, if price does reject the resistance zone we can expect price to drop as low as 121.500 .