USDJPY - Happy New Year #2016 (Short side still in play)
This is the updated chart for the year, from last year.
Price managed to touch to the 123.1 level and there looks to be a move building up to the downside. A close above 123.1 on monthly will invalidate the set up. Expect a gradual decline lower to 106 - 102. Could take 2016 or next year
Watch for break of the steep price channel. There could be a minor move higher which should be the last pop before prices start to fall.
Good luck and Happy and a Profitable New Year
Price managed to touch to the 123.1 level and there looks to be a move building up to the downside. A close above 123.1 on monthly will invalidate the set up. Expect a gradual decline lower to 106 - 102. Could take 2016 or next year
Watch for break of the steep price channel. There could be a minor move higher which should be the last pop before prices start to fall.
Good luck and Happy and a Profitable New Year
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.