The USDJPY 4H price is moving in an ascending channel which seems a pullback of the main downward trend. Recently it has bounced off of the channel’s lower trendline, but it made a shooting star and a bearish candle near a resistance area.
Now, the question is:
Is this a minor consolidation and the price will continue upwards to touch the channel’s upper trendline or will it break this channel down and continue its main bearish movement?
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