Psywin

Watch for channel breakout or pullback - USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
100 1 2
USD/JPY             has just hit the channel top. Expect it will head higher to 106 if it breaks out of the channel or pullback to the bottom channel.
Comment: Watch for the bounce at ~105 area to confirm this breakout.
Trade closed manually: Failed breakout....trade invalidated when it fell through 105
Nice illustration
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