USDJPY, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
-Price is rejecting a monthly demand zone.
Weekly:
-Price has been moving to the downside with very corrective structure.
-Double bottom.
-It also broke a resistance that now is acting as support
Daily:
-Price broke the last LH of the daily structure.
-Daily S/D is being respected as support.
4H:
-Price failed to make LLs and it create a HH.
-Structural trendline.
-Bullish M pattern forming.
Weekly:
-Double bottom.
-It also broke a resistance that now is acting as support
Daily:
-Daily S/D is being respected as support.
4H:
-Structural trendline.
-Bullish M pattern forming.
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