I see USDJPY melting due to several reasons
It has been creating LH and LL
It has broken the counter trendline (blue)
I see it retesting the trendline (red) before going back down
The retest of the trendline is not only a support area but also a 61.8% on the fibonacci tool
Many confluences for it to keep going down
It has been creating LH and LL
It has broken the counter trendline (blue)
I see it retesting the trendline (red) before going back down
The retest of the trendline is not only a support area but also a 61.8% on the fibonacci tool
Many confluences for it to keep going down