DanielHarris
Long

Short-term Long to Resistance and Back to Major Support

FX:USDJPY   U.S. Dollar / Japanese Yen
104 1 3
USDJPY             is channeling upwards towards 104 level, a significant resistance level . Whereupon reaching this point, I am suspecting a downtrend back to the 100 level due to lack of confidence in US interest rate hike expectations.

Therefore, this is a short-term long trade I'm in at 102.04 with a TP of ~104. SL is a little below channel.
Same here mate ;) l0l
+1 Reply
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