USDJPY is tumbling to a new five-month low near 106.78 today, struggling within the downward sloping channel.
Bearish trend line has been broken and the divergence has been confirmed, so there could be an upward correction.
I will use a tight stop loss to block the position in case of further downward power that could further depreciate the dollar.
Cheers,
Andrea
Bearish trend line has been broken and the divergence has been confirmed, so there could be an upward correction.
I will use a tight stop loss to block the position in case of further downward power that could further depreciate the dollar.
Cheers,
Andrea
Trade active
Trade closed manually
Reversal correction.Closed with +60 pips.
Note
Nice Move!
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Disclaimer
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.