USD/JPY (Daily Chart) - Running into Resistance
This pair had been creeping up steadily in an uptrend channel, till it hit a key resistance area and bounced off it.
Now, it looks like it will be heading down to test the trendline, and it it breaks that, will continue to head lower.
Personally, I am already short, and will continue to hold unless i see the bulls coming back in.
Now, it looks like it will be heading down to test the trendline, and it it breaks that, will continue to head lower.
Personally, I am already short, and will continue to hold unless i see the bulls coming back in.
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