NathanPuri

Intermediate channel is downward and widening its range

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
7
The daily chart regression channel has been breached above its resistance: bullish. The Intermediate channel on the hourly chart over the past several days is downward sloping and widening its range: bearish. More bearish then bullish in the intermediate next several days. Becomes bullish if, perhaps after, the retracement of current highs, it is able to hold a break above resistance.
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