The USD/JPY is going up on a zigzag move but it´s close to a breakthrough either on the upside or the downside so we need to keep and eye on it
The pair is still inside the channel but showing some weaknesses especially when we are close to 110.33 that´s the first level to watch if we close daily above it we will go up
the second level to watch is 109.666 !! if we close below it we will go down
So my strategy is to wait for a close above 110.33 to buy it
or a close below 109.666 to short it and target 108.50 then 108
The pair is still inside the channel but showing some weaknesses especially when we are close to 110.33 that´s the first level to watch if we close daily above it we will go up
the second level to watch is 109.666 !! if we close below it we will go down
So my strategy is to wait for a close above 110.33 to buy it
or a close below 109.666 to short it and target 108.50 then 108
