USDJPY : NEEDS TO BREAK THE BLUE SLIDING PARALLEL Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 3, 2013 2:59 PM

Price is trying to switch to the blue channel but it has to break and close below the downsloping blue sliding parallel.

Market flow is down.

Comments

jefftan

⋅ Oct 8, 2013 12:51 AM

Price is firmly now in blue channel territory. Look for opportunity to short on upward retracement with target at bottom of the blue channel.