@mohanrao on USDJPY | PriceONN Community

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mohanrao PRO newbie
USDJPY Mar 19
I've been looking at the USDJPY chart and I think I'm seeing a descending triangle forming on the H4 timeframe. The price has been making lower highs while the support around 159.00 has held a few times. If it breaks that support, it could be a strong signal for a further decline. I'm trying to be patient and wait for confirmation before making any moves.
USDJPY

Replies (1)

S_Sharma
S_Sharma PRO newbie Mar 19
@mohanrao, you mentioned the 159.00 support. Are you seeing that descending triangle on H4, or is that just wishful thinking from the bots? Feels like it's just range trading to me, designed to bleed us dry.
EURUSD 1.16254 -0.05%
GBPUSD 1.34376 -0.19%
USDJPY 159.85250 -0.02%
XAUUSD 4,468.46 -0.43%
XAGUSD 73.63 -1.96%
BTCUSD 63,095 -6.65%
SP500 6,572.87 +0.74%
BRENT 98.71 -0.17%
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