Quick USDJPY setup for NY SESSION JUNE 9

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

Updated

OANDA:USDJPY U.S. Dollar / Japanese Yen

USD jpy priceaction LONG short Forex pips

usd jpy priceaction long short forex pips

Currently in an upward channel.. Long term trend is down. Possible trade scenarios are stated with the arrows. Lets see how price action plays out on the final session of the week. I dont expect one of these scenarios to be completed today as volume could wear thin throughout the afternoon but could provide insight towards price action for next week.

Comment:

Short entry trade came into play after rejection at TL/resistance. TP @ Support/lower TL.

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