USDJPY Short if the upside channel broken
Moving on a downside channel on an upside channel. If the price moves to the downside channel floor, the upside channel floor will break and the price will close to 101. If the price crosses the downside channel ceiling, the next target is the upside channel ceiling at 109.85. At this price we expect to fall again to 101.
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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.