USD/JPY is now progressing with H&S breakdown which target is 98.60.
It is the first breakdown signal since 100.75.
USD/JPY is now below the blue parallel channel bottom line. Therefore it
may retrace up to the blue parallel channel bottom line (101.87). If it will
break through the line, I think it will reach LS & RS line (103.05) again.
If not, it will plunge into 98.60 area.
Nikita FX ( climbingfx.jugem.jp/ )
It is the first breakdown signal since 100.75.
USD/JPY is now below the blue parallel channel bottom line. Therefore it
may retrace up to the blue parallel channel bottom line (101.87). If it will
break through the line, I think it will reach LS & RS line (103.05) again.
If not, it will plunge into 98.60 area.
Nikita FX ( climbingfx.jugem.jp/ )