USDJPY is trading in channel pattern for the last couple of months. It is currently consolidating in small support and resistance trend lines within the channel pattern as shown in the chart. According to chart pattern analysis, we might see a downside in USDJPY . One can initiate the trade with proper risk management and stop loss.

Thank you

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.