jangseohee

Long term channel violated

jangseohee Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
11
Ever since the pair broke out of the inverted head & shoulders in Dec 2012. Price never look back. After some struggling, it finally broke the multiple S/R line of 101.3. Both downtrend line connected from Sept 1998 were both broken, it then continue to break the long term downtrend channel top! What a bull

If the current steep channel is valid, i anticipate some consolidation to before heading for 123.4, or it might retrace back to channel support point B for further price action
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