USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
USD/JPY: upper 'Window' acting as resistance
There's still no any reversal pattern so far, so the pair is likely going to reach the next resistance at 111.15. This level could be a starting point for a decline towards the 89 Moving Average.
The upper 'Window' is acting as resistance, so that's why there's a 'Three Methods' pattern. In this case, if the 89 Moving Average acts as support, there'll be a moment to wave an upward price movement in the direction of 111.15.
Galya Svetlova
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