Hello traders! At this moment USDJPY
had a strong rejection from the bottom of the daily channel - 105.35 level. You need to remember that USDJPY
is in a corrective structure right now. The correction may be over. Short term target will be inside the channel. We need to see how the price will behave inside this structure. If the price will not rise aggressively up to the top of the daily channel - blue dotted line, then it's possible another down move. Be patient and wait to see how price action develops. Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!