TahirKhan

USDJPY - 5 mins chart and awaiting break out..

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY            

http://i.imgur.com/xpTI89I.png
5 mins break point..
Ha! I was just observing this channel on the 5min as well:)
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Its the FED's that this is likely waiting on for now..
but this is as crisp as I can find on 5 mins.. so let's see..

My preference is to see it breaking sweat to the downside.. I have got an amazing run past 2 weeks and wondering when I will be finding myself on the wrong side of the fence. lol..

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TradZ TahirKhan
Nice! so do you a break above 108.3 is considered the break?
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TradZ TradZ
do you think:)
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I think It carries potential to test 108.60-7X .. That comes in as a recent bear flag break base getting a retest.. Holds; this should get back on the current price action phase which is a bear flag as well. Hence 108.60-7X for the day is current bear flag top out zone..
I think I posted the view earlier today..
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TradZ TahirKhan
Sounds about right. Good Analysis, keep it up
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TradZ TradZ
It broke past 108.35, gd break
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