Channel breakout timing

FX:USDJPY   U.S. Dollar / Japanese Yen
I am sure many of you have been tracking this channel and trading inside it. The question is when it will break? There are no major news set for today (30/01/2015), the last trading day of the week and month, so I would expect the lower boundary to hold.

Potential trades:

1) Buy in the region of 117.35-50 aiming for 118.40-50. Stop loss 117.10 or 116.8 (could even reverse the trade to go short into trade 2)
2) Sell on the breakout of the triangle downwards around 117.10 (potential retest around 117.35 so keep the SL above). Target 116.05.
Yep, I'll be buying at 117.41, but ready to reverse if it starts falling
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out