orvilleawright

BULLISH USDJPY 4 Hour: Price bounced off channel low

FX:USDJPY   U.S. Dollar/Japanese Yen
Nov 16 2015: BULLISH USDJPY             4 Hour: Price bounced off channel low
(Analysis Based on 4 Hour chart)

Observations
1. Price has broken out of the narrow trading range
2. Price broke above 4 hour SR zone
3. short term bullish channel
4. Price bounced off channel low

NOTE: Wait for price action to confirm the importance of these levels.

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