Pashabxl

USDJPY: New trading channel

FX:USDJPY   U.S. Dollar/Japanese Yen
Since Early 2014, USDJPY             was trading in a range and there was plenty of easy money to do. Basically, you were selling at 103.5 and buying at around 101.5
Since January, there was a falling wedge formation and normaly it was a little bit early to break it, but because of the gossip in the market, the falling wedge break on the upside.
Therefore, we do have a new trading range before, USD goes high up above 105 when FED's increase the interest rate. The new rage appears to be buy at 102.5 and sell at 104.5-105.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out