cheminacci
Short

USDJPY Making Plans To Leave Descending Channel

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has formed and been trading within this descending channel over the last couple of weeks. After a failed retest of the 114.00 levels, it looks as if USDJPY             is on it's way down. Prepare for a retest of the lows at 110.667, as well as a potential bearish break out. Market expected to head toward 110.00, 105.00, and eventually 101.00
Comment: The weekly channel has been broken.
Trade active: Target 1 hit at 110.00
Comment: Looks as this is still continuing on it's way down
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