USDJPY: Update and Trade Setup

USDJPY: Update and Trade Setup

13 May 2016, 14:56

Prerequisite Reading: USDJPY: What Are We Looking for Our Short Swing!


USDJPY bounced in the level we called, and what we have seen up to now has been an impulsive wave up, which will be confirmed only if a new high is made (above 109.4). With this price structure we expect a test of the upper bound of the channel around 110.00 level.

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