Hi trader!
The USD/JPY play is interesting, because you have the short-term channel which I covered in the watch list episodes the past weeks, yet the long-term line is taken out as seen as the chart below. With this in mind, the channel is a large barrier to break, but I think it is time it does, due to the fresh daily zone we're in now.
Let's wait for the 4hour confirmation the upcoming 48 hours.
Kind regards,
Max Nieveld
The USD/JPY play is interesting, because you have the short-term channel which I covered in the watch list episodes the past weeks, yet the long-term line is taken out as seen as the chart below. With this in mind, the channel is a large barrier to break, but I think it is time it does, due to the fresh daily zone we're in now.
Let's wait for the 4hour confirmation the upcoming 48 hours.
Kind regards,
Max Nieveld