USDJPY price action on the daily time frame has broken down a rising channel (purple) within which it had been operating for weeks. It is now consolidating within a falling channel (red). Presently, price action is in a bullish mode at the upper part of the falling channel and at the 143.845 intra-day horizontal resistance. Technically, a bearish rotation is in the offing.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money