OANDA:USDJPY   U.S. Dollar / Japanese Yen
Good afternoon everyone

okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see

: we are in a channel down

: down trend


now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long

or

if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long


your friend Kris

http://www.mymentortv.com

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