This Chart shows Yellow descending Channel of USD/JPY. If WXY starting from 121.22 and W=Y, TP 1 will be 118.04. If WXY is extended and Y=W x 1.272, TP 2 will be 117.34
Therefore TP 1 or TP 2 will be a short term Reversible point.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.