USDJPY trading idea

٩ يناير ٢٠١٧

USDJPY hit trendline and is currently consolidating. This can be a trend continuation pattern and a break above (which is the more promising setup now) opens the path to 126 and above. For a sell setup, I would need to see a break of the parallel channel, followed by a flag because it could be a more complex correction than an parallel channel. Good luck