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U.S. Dollar / Japanese Yen
Short

USDJPY Ascending Channel Breakout

By NDOBObanks
Updated
We expect further downside on this pair, signalled by the breakout of the ascending channel pattern. We can also see the formation of a low high and a breakout of a key level which further supports our directional basis.
Comment
Price is moving towards target
Trade closed: target reached
Trade was closed around NY close based on our trading rules regarding over night risks. Trade reached target.
Chart PatternsTrend AnalysisUSDJPYusdjpy1hrusdjpyanalysisusdjpyforecastusdjpyideausdjpysellusdjpysetupusdjpyshortusdjpysignal

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