Quick update to my last analysis on USDJPY
. Earlier I showed the USDJPY
would stay in the channel. The path isn't adjusted much but, we will most likely now get to experience a small bump up to reach somewhere near 109.7 flat. If this happens, the entire 24th of May 2016 will be a long until we reach that point.
If you wish to keep your shorts on because you went in earlier (like me as well) you can of course keep an eye out for a possible strong rise up. Happy trading people, and don't forget your stop losses.
Thanks for reading.