Hi Traders, I have analysed this pair and from my point of view the channel has been broken. Taking in account that yen for long time has been weak, perhaps is the time to show up a little retracement of strength. The latest high is not acting as a resistance, so i expect the price to plunge for this pair.
Trade active
Move the stop loss to entry level.Trade closed: stop reached
Trade closed at breakeven price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.