USDJPY reaching 4 hour channel resistance

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!

Yorum:

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. :)