Channel upper TL touch Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Nov 24, 2013 7:20 PM

Since the PA touched the upper channel TL expected bounce and downward movement to 38.2 respectively 61.8 or all the way to the lower TL. However, with unchanged policy BoJ hints at more stimulus and according to that high upward risk.