Get started
Austinet24

USDJPY broke out of a channel pattern down

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Austinet24  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis
2
0
chartpattern trendanalysis
USDJPY broke out of a channel pattern down, 111.223 price level has been acting as a support level for the pair since late September 2017 this level has been broken down with a bearish pin bar on the daily time frame, today candlestick open in the direction of the break, I see the price touching 108.268 before any move up.

My Bias: SELL @ CURRENT PRICE 110.824 TARGET : 108.268 STOPLOSS: 112.555
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.