traderparag

USDJPY possible move up..

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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6
Expecting USDJPY to move up as it is touching the lower side of an important trend-line on 4Hr chart as shown.

RSI looks poised to go up as well - as currently it is in oversold area..

Trade with caution as a break of this channel could mean further downside slide..
Trade closed manually: USDJPY broke out of the range on the downside as can be seen.

Now the support could become the resistance as it might try to re-test the lower end of the trend-line..
Comment: Price has reached the same resistance zone (previous trend-line) again.

Watch-out for some action...

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