#USDJPY: Detailed Technical Outlook #USDJPY is trading in | VasilyTrader (Free Forex Signals)

#USDJPY: Detailed Technical Outlook

#USDJPY is trading in a strong bullish trend on a daily.
Ahead, I see a solid horizontal resistance from where the market
may initiate a correctional movement.

Analyzing a price action on 4H time frame, I noticed that the pair started to slow down. The price is currently trading within a rising channel.

To catch the initiation of a correctional movement, wait for a bearish breakout of the support of the channel. 4H candle close below that will confirm the violation. A bearish continuation will be expected then.

Alternatively, a bullish breakout of the underlined blue are will be a strong bullish signal.
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