This is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long
Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that ...
Current decline we see suggests that EURUSD did topped at its 50% fibonacci correction. Price already broke past the yellow channel's outer boundary which means that the trend is bearish once again.
Happy trading everyone!