USDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180. Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance.
According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 – $104.5 – $104.260 in extension.
Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out…
For intraday traders: Don’t mess after an upside breakout of $106 level. Wait, watch, jump, and earn!
What will happens after bursting out from USDJPY Hourly Support? I will update it soon.
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