araguaney

IS USDJPY A BULLISH TRAP??

FX:USDJPY   U.S. Dollar/Japanese Yen
49 0 4
the pair is aparently breakout from a flag formation and now is going for the fences, but for my that seem to be the problem, the fence that is going is close and it is the upper part of the bearish channel the pais is in, so i think is potencial for the bear channel to continue, the confirmation that i would need would be the breaking of the channel wich coincides with the green line wich is a daily S/R area so its a nice counfluence there to test.

just an idea we have to wait and see
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