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Short

USDJPY two possible setups for short

FX:USDJPY   U.S. Dollar/Japanese Yen
90 1 3
USDJPY             stopped by the channel that formed inside the bigger one. We have two options in my opinion:
a) price will bounce of the channel's bottom line, go up to the level of previously broken short term uptrend and finally drop down to broke the channel (blue arrows)

b) small correction possibile, then drop and break the channe, correction up to the bottom line of the channel and again down (red arrows)

Blue option seems to be more probable

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piptamil
4 months ago
Excellent...
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