FractalTrading

USDJPY - Reversal of the big down trend?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is in a big downtrend that started years ago. If the blue channel is broken then we should look for buy setups. If it falls slowly then we are looking for new lows on this pair.

Trade with care.

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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