s2oneill

s2oneill Updated 

Hello traders We have a possible long awaited correction in USDJPY. This trading pair have been going strong for 5 trading days in a row but now we may see some weakness and possible correction back down to 109.3 area as we are seriously over extended and to grow anymore we need a healthy rest. We are also seeing a dip in DXY today which, if sustained, will...

s2oneill Updated 

Since 2017 USD/JPY has been trading a descending channel and has stringently respected this channel ever since.... We are now at the top of this channel and can expect downside IF this pair wants to keep it's respect. We are currently at a resistance zone around 109.7 and we will be keeping a close eye on it throughout the day to see how it responds to...