FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Dollar Yen broke the local support last month and found its way back up to the upper channel. The momentum was weaken when it was approaching and the result was a retreat to .382 fib lv. Not much action here for days. It might go to the local channel, wick through and shoot up to break the channel
Trade idea:
Buy near the lower channel or wait for the break out upper channel

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.