ralphzaylaa

USDJPY a small way down

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
After the FOMC talk and the hype for the dollar in this pair we see it moving accordingly in this upward channel .
I will be waiting to see price consolidating below the resistance to start thinking about shorting , then would wait for the breakout of the channel to enter my position . If no consolidation is made below the resistance then I will be looking later on at this set up.