USDJPY H4 Channel Rejection to the Upside
Following negative US news last week all USDxxx pairs dropped significantly. Aside the slight bearish break back into the previous H4 Channel I am expecting a pull back off of a strong support zone in the 111.70 - 111.00 area. The rejection will create a new bullish trend that will continue up towards the 117.
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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.