USDJPY reaching 4 hour channel resistance
Updated
Hello Traders,
I placed a pending sell order at 105.70 which is the confluence of channel resistance,50 fib level and previous support turned resistance. I believe this pair still has room to go down to 103 level barring a surprise rate hike from fed tomorrow.
Good Luck!
I placed a pending sell order at 105.70 which is the confluence of channel resistance,50 fib level and previous support turned resistance. I believe this pair still has room to go down to 103 level barring a surprise rate hike from fed tomorrow.
Good Luck!
Note
Great. order filled in 5 minutes and spiked out in 10 minutes for -60 pips with the Japan's PM announcing more stimulus. He waited until I create the short order and then released the stimulus news. :)
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