Technically, price lack of direction still on sideways trading after made a reversal at 104.00 entering back into channel.
We are looking at price is above the median line and targeting to move towards upper line major resistance. USD/JPY is steadily inching higher, now testing the daily highs at 105.61, up 0.25% on the day.
we have to look for monthly time frame and see how the trend is going to be . The monthly time frame shows the trend is downward . once it breaks support line at 105.4 on daily time frame and we can put our profit traget at 104.00 and stop loss at 106.0. some one can make money on shorter time frame . but in long run you will loose money
Dave-FX-Hunter
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I agree with you.
ProjectSyndicate
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some solid content right there. upvoted to support you.