U.S. Dollar / Japanese YenUpdated Long term channel violated
Ever since the pair broke out of the inverted head & shoulders in Dec 2012. Price never look back. After some struggling, it finally broke the multiple S/R line of 101.3. Both downtrend line connected from Sept 1998 were both broken, it then continue to break the long term downtrend channel top! What a bull
If the current steep channel is valid, i anticipate some consolidation to before heading for 123.4, or it might retrace back to channel support point B for further price action
If the current steep channel is valid, i anticipate some consolidation to before heading for 123.4, or it might retrace back to channel support point B for further price action
Note
Note
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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.