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LegionQ8

USDJPY trades in upward channel and can start to fall

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
LegionQ8  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Lines Support and Resistance Trend Analysis
8
2
trendline supportandresistance trendanalysis
Hello traders, I want share with you my opinion about USD/JPY. Looking at the chart, we can see how the Japanese Yen has formed an upward channel and is trading inside. After the fake breakout of the resistance area, the price bounced back and begin to decline. Currently, the price is below of resistance area and can continue to fall. I think, the Monday after the opening of the market the price can continue to decline and reach the support line of the upward channel .As a result, I have set target, with at level 132.15, which corresponds to the support line of the channel. Please share this idea with your friends and click Boost on TradingView, link below🚀
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