USDJPY: Time for a correction?
Price Action Study:
USDJPY is currently trading in a rising channel inside a bigger channel mentioned at the 1 hour timeframe, which is an indication for a possible down move. A break bellow the support line of the mentioned channel may push prices lower with @136.73 as a first target.
USDJPY is currently trading in a rising channel inside a bigger channel mentioned at the 1 hour timeframe, which is an indication for a possible down move. A break bellow the support line of the mentioned channel may push prices lower with @136.73 as a first target.
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.