rishililawat5

USD/JPY Upward Channel Trade.

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello traders, USD/JPY is trading at 104.90. The price is trading in upward resistance and support channel, it can go down from here as it has already touched its resistance level . As the price has touched resistance level it can rebound back from here to touch support level , If price breaks 104.73 level then it can hit first target at 104.43 and second target at 104.04.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and Ideas.

Thank you,

Rishikesh Lilawat
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.