Fri, 14 May 2021 07:09:32 GMT
USD/JPY reveals channel down
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders.
In the case of the channel down pattern holding, the rate would gradually decline to the support of the 100