USD/JPY Turning Down

OANDA:USDJPY   U.S. Dollar / Japanese Yen
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.


Hello, really love your chart but wanted to ask how i can add one of those channels to my chart
+1 Reply
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