USDJPY has been in a downtrend after making a top at 152.00.
Th price was continuously making lower lows and lower highs.
Now the price finally broken above the downtrend channel.
The price has been trading with in range.
The 100 and 200 MA also act as support.
One can take long position if price managed to break above the range.
manage your trades accordingly.
Th price was continuously making lower lows and lower highs.
Now the price finally broken above the downtrend channel.
The price has been trading with in range.
The 100 and 200 MA also act as support.
One can take long position if price managed to break above the range.
manage your trades accordingly.
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