Fx_Trader_ViSa

USDJPY Long Term Trend In Channel Pattern .

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is trading in channel pattern for the last couple of months. It is currently consolidating in small support and resistance trend lines within the channel pattern as shown in the chart. According to chart pattern analysis, we might see a downside in USDJPY. One can initiate the trade with proper risk management and stop loss.

Thank you
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.