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
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.