Usd/Jpy 1 hour charts |
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The pair continues bullish and seems ready for a new upside run. As you can see in the chart, is breaking through a descendant channel roof. A canddle opening above this line, could trigger a 50 pips rally (the heigh of the channel) after completing a pullback to the broken line. You can also follow it in 30 minutes charts.
Both, Momentum and CCI are pointing to the upside too, so it’s seems a great trading oportunitty. Stop loss should be placed around 8/10 pips under the channel roof.
Filed under: Forex Advisor
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