INSIDE CHANNEL BUY FOR USDJPY after hitting SUPPORT

Hello traders, welcome back. So here is our analysis on USDJPY. As we can see that the pair is still running inside its channel and has never broken it. It hit its every support and resistance and bounce back. Right now the pair hit its support and has bounced back. At the same time we can also see that the pair is close to its resistance level. One can take a small buy trade keeping TP close to its resistance level.

Any views welcome. Thnaks.

Ryan.R.lopes

Yorum:

As predicted, gone up. Now wait for the breakout, will update you guys