Get started
TradeMagna

USDJPY Ascending channel

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TradeMagna Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis
1
0
trendanalysis waveanalysis
Currently, USDJPY is contained within ascending channel which is expected to hold at this time, we have two targets right now, first the upper bound of the channel and of course, if prices been able to break this channel we would see higher prices as shown on the graph.


To be updated...
Comment:
Of course, it was expected that USDJPY should not exceed the lower bound of the channel.
snapshot


Since it exceeded, now we will target lower prices levels. I will update the idea in few minutes
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.