OANDA:USDJPY   U.S. Dollar / Japanese Yen
Based off my analysis UJ is currently in a channel on the 4 hour timeframe. Inside the channel on the upside, price has only touched the line twice meaning there's still room for up and down movement. On the downside it has touched three times but the trend is still moving in a uptrend. My prediction for a potential sell would be if price reverses back down to 110.879 I would sell and take profit at 11.379 (50 pip profit) OR if price breaks the 4 hour price channel and decides to break out I would buy at the next day support at 111.178 and take profit at 111.478 (29.4 pip profit).

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