USD/JPY Turning Down
USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180. Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance.
According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 - $104.5 - $104.260 in extension.
Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out.
For intraday traders: Don't mess after an upside breakout of $106 level. Wait, watch, jump, and earn!
What will happens after bursting out from USDJPY Hourly Support? I will update it soon.
According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 - $104.5 - $104.260 in extension.
Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out.
For intraday traders: Don't mess after an upside breakout of $106 level. Wait, watch, jump, and earn!
What will happens after bursting out from USDJPY Hourly Support? I will update it soon.
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.