Kaetea_Ng
Short

USDJPY Daily Analysis 4.1.2019

FX:USDJPY   U.S. Dollar / Japanese Yen
Hello Traders,

Our previous analysis almost hit our target, which you can find in related ideas.

Price is forming a very tight channel and I don't like trading under such conditions.

Ideally, we want price to breakout to the downside, targeting the recent low at 106.800, but only if price does breakout.

Otherwise, I'd keep my distance from this pair for some time.

I wish you all a happy weekend.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out