Hello my fellow traders, hope you’ll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. Here is a sell opportunity on USDJPY . The time frame used is H4 and D1. The support and resistance that you can see is of D1. Then we used the H4 time frame for our next analysis. The pair broke from its ascending channel and after that it also broke its resistance. After breaking its resistance it did a retest and then started falling again. From 107.600 it came back up a bit, hit the H4 resistance and then started falling again. As per our analysis the pair will fall till its support line.
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes
Ryan.R.Lopes, trader and analyst. Holds strength in Support and resistance, trade-line and breakouts. Having experience in FOREX, COMMODITIES and STOCK MARKET for more than 5 years and now Backed by a powerful team that has more than 10 years of experience.
