FX:USDJPY   U.S. Dollar / Japanese Yen
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4
Price is approaching the channel top so we'll know shortly if we're going to get a break out and long trade or a bounce back down for one move corrective wave.
Stay neutral on this for now and let's see how this develops over the next day or so.

Forecasts will be updated as they develop so remember to follow to receive them. You can also follow updates via twitter (link via my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve
Comment: OK look like we're getting one more wave down. Wait for conformation via a correction before entering.
Comment:
Comment: The short trade is looking good so far

Comments

Looks promising
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SteveNixon ianpatton
@ianpatton, Nice spot. Thanks Ian for bringing this to my attention. I've updated this idea.
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SteveNixon SteveNixon
@SteveNixon, I accidentally drew this chart on the UK TV site so I'm not sure if you guys can see my updates. Could someone please let me know if this is showing up in the ideas stream on TV US site
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