DAILY ANALYSIS & PREFFERED DIRECTION OF MAJORS #USDJPY 06 june

Updated: Jul 29, 2019

In this series we provide daily overview of #forex Major pairs and our preferred direction for day : #USDJPY #tradeideas #technicalanalysis #fx


#USDJPY

USDJPY 4HR chart

is retracing back slowly after falling in previous sessions last week , current retracement is supported by minor ascending trendline ,

Over all price is in descending channel in 4 hr chart,

Our preferred direction is long towards daily pivot or ichimoku cloud till minor ascending trendline manages to hold price above it. , we would look for sell towards bottom of channel on 4hr close below trendline .

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